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371. LLPs excluded from the small LLPs regime

Past version: effective from 21/10/2015 - 20/10/2015
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(1) The small LLPs regime does not apply to an LLP that is, or was at any time within the financial year to which the accounts relate —
(a) a public interest entity,
(b) a financial institution, or
(c) a member of an ineligible group.
(2) A group is ineligible if any of its members is —
(a) a public interest entity, or
(b) a financial institution.