Overview

New accounting and disclosure rules will result in many investment funds being subject to similar accounting requirements to those which currently apply to limited companies.

Due to come into force from April 2012, the new rules will require a UK limited partnership to meet the accounting and disclosure standards which apply to a UK limited company if the partnership's general partner is either a limited company, an unlimited company or a Scottish partnership each of whose members is a limited company.

This briefing outlines the rules and considers what steps UK limited partnerships might take to remain outside the ambit of the new rules.

To learn more, click 'View Briefing'.