The Economic Crime and Corporate Transparency Act (ECCTA) became law on 26 October 2023, having completed the legislative process and received Royal Assent. Part 2 of ECCTA introduces significant reforms to UK limited...more
The Economic Crime and Corporate Transparency Bill (the Bill) includes a package of proposed legislative amendments to U.K. limited partnership (UKLP) law, substantially to tighten registration requirements and improve...more
10/12/2022
/ BEIS ,
Corporate Transparency Act ,
Criminal Proceeds ,
Financial Crimes ,
Fraud ,
Limited Partnerships ,
Money Laundering ,
Proposed Legislation ,
Registration Requirement ,
Regulatory Requirements ,
Scotland ,
Terrorist Financing Regulations ,
UK ,
White Collar Crimes
Subscription lines of credit, or capital call facilities – which are just two of the many names given to borrowing arrangements put in place by private fund managers at the fund level – have been in the market for many years...more
The long awaited changes to the 1907 Limited Partnerships Act (the Act) will finally arrive on 6 April, despite the UK government initially opting to delay implementation until the results of the consultation into Scottish...more