Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what plans his Department has to help reform regulation and practice on Northern Ireland limited partnerships; and if he make a statement.

The Government outlined its proposals for limited partnership reform in December 2018 in response to a consultation (link here). Although this is a devolved matter for Northern Ireland, the approach has traditionally been for Northern Ireland to follow the United Kingdom’s legislative practice. The proposals across the United Kingdom include tightening registration requirements, requiring limited partnerships to demonstrate a firmer connection to the United Kingdom, increasing transparency requirements, and enabling the Registrar to strike from the register limited partnerships which are dissolved, or which are no longer carrying on business. The Government will legislate these reforms when Parliamentary time allows.