Changes to SLP PSC requirements published

The Scottish Partnerships (Register of People with Significant Control) Regulations 2017, made on 22 June and taking effect mainly from 26 June, have been published.  The Regulations transpose Article 30 of MLD4 on beneficial ownership for Scottish Limited Partnerships and certain Scottish general partnerships. They require registration by qualifying partnerships, and impose an obligation to update information, to obtain information on their people of significant control and deliver required details to the registrar. The Regulations are accompanied by a transposition note showing how MLD4 is implemented.