4 Impact assessment
12. The Explanatory Document states that none of
the suggested changes 'can be readily quantified, but the benefits
are considered significant'.[12]
It is argued that the current uncertainty around registration
creates administrative inconvenience and imposes costs, principally
legal costs, as potential investors seek to clarify their position
and that the proposed changes would reduce these.[13]
It is also the case that including the status in the names of
limited partnerships should lead to some cost saving by those
intending to do business with them and wishing to assess the extent
of liability of those involved.
12 ED, para B22, p31. Back
13
ED, Annex C, paras 5 and 6, p19. Back
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