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440. LLPs excluded from being treated as medium-sized

Past version: effective from 21/10/2015 - 20/10/2015
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(1) An LLP is not entitled to take advantage of any of the provisions of this Part relating to LLPs qualifying as medium-sized if it was at any time within the financial year in question —
(a) a public interest entity,
(b) a financial institution,
(c) a member of an ineligible group.
(2) A group is ineligible if any of its members is —
(a) a public interest entity,
(b) a financial institution.