Section 1
These Regulations may be cited as the Partnerships (Unrestricted Size) No. 16 Regulations 2001, and shall come into force on 10th May 2001.
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Statutory Instrument
The Partnerships (Unrestricted Size) No. 16 Regulations 2001
Section 2
(1) Section 716(1) of the Companies Act 1985 does not prohibit the formation, for the purpose of carrying on investment business, of a partnership consisting of more than 20 persons which is—
(a) authorised to carry on that business under the Financial Services Act 1986 , or
(b) a European investment firm carrying on home-regulated business in the United Kingdom.
(2) In paragraph (1) above, the expressions “European investment firm” and “home-regulated investment business” have the meanings given by regulation 2 of the Investment Services Regulations 1995 .
2 sections
Cite this legislation
The Partnerships (Unrestricted Size) No. 16 Regulations 2001 (legislation.gov.uk, OGL v3.0). Retrieved via LawPlayer, https://lawplayer.com/uk/act/uksi-2001-1389
Contains public sector information licensed under the Open Government Licence v3.0.
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