The Partnerships (Unrestricted Size) No. 9 Regulations 1992

• Citation: S.I. 1992/1028
• Sections: 2

Section 1

These Regulations may be cited as the Partnerships (Unrestricted Size) No. 9 Regulations 1992, and shall come into force on 30th April 1992.

Section 2

(1) Section 716(1) of the Companies Act 1985 does not prohibit the formation for the purpose of carrying on business as a member firm of the London Stock Exchange of a partnership consisting of more than 20 persons which is upon formation a member firm of the London Stock Exchange by virtue of succeeding to the business of another partnership which was such a member firm.

(2) In these Regulations, “the London Stock Exchange” means The International Stock Exchange of the United Kingdom and the Republic of Ireland Limited. N. Hamilton Parliamentary Under-Secretary of State, 24th April 1992