Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, how many Scottish Limited Partnerships are qualifying partnerships under the terms of the Scottish Partnerships (Register of People with Significant Control) Regulations 2017 and the Companies and Partnerships (Accounts and Audit) Regulations 2013.

As of 28 February 2019, there are 33,579 Scottish Limited Partnerships (SLPs) registered with Companies House. All registered SLPs are eligible under the terms of the Scottish Partnerships (Register of People with Significant Control) Regulations 2017.

The above regulations also require a Scottish qualifying partnership (SQP) to register with Companies House and deliver information concerning its People with Significant Control (PSC). An SQP is a general partnership constituted under the law of Scotland that is a qualifying partnership under the Partnership (Accounts) Regulations 2008. On 28 February 2019, 369 bodies had declared as being eligible as SQPs and delivered PSC information to Companies House.

The Government published, on 10 December 2018, the response to its consultation on the reform of limited partnership law. The reforms, which include tighter registration requirements, seek to tackle the misuse of limited partnerships, especially Scottish limited partnerships, while modernising the law governing them. The Government intends to legislate when parliamentary time allows.