News In Focus

5 May 2005

LLPs and the FSA

It has been brought to the Society’s attention that where a firm is changing its status from a partnership to a limited liability partnership, where that firm is authorised for investment business by the Financial Services Authority (FSA) such a firm will have to de-register with the FSA as a partnership for investment business purposes and then re-register as an LLP. The procedure for such de-registration and re-registration is contained in the FSA’s handbook on authorisation.

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Court joins Twitter to mark the occasion

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