Regulatory Alerts2010-01-01
Limited Partnerships (Collective Investment Schemes) Regulations 2010
The Treasury of the Isle of Man issued these Regulations under the Partnership Act 1909 to amend the legal framework for limited partnerships operating as collective investment schemes. The Regulations exempt such partnerships from the statutory prohibition on forming limited partnerships with more than 20 members, thereby facilitating their structure and operation. Additionally, the 2010 Regulations revoke the previous Limited Partnerships (Collective Investment Schemes) Regulations 2004 and commenced on 1 May 2010.
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