There has been laid before Parliament a draft of the Legislative Reform (Private Fund Limited Partnerships) Order 2017 (the Order). If approved, the Order will come into force on 6 April 2017. The purpose of the Order is to amend the Limited Partnerships Act 1907 to introduce a Private Fund Limited Partnership structure. This structure will be available to private investment funds which are structured as limited partnerships. It is designed to reduce the administrative and financial burdens that impact these funds under the current limited partnership structure.
View HM Treasury revised draft Legislative Reform (Private Fund Limited Partnerships) Order, 16 January 2017