# The Financial Services and Markets Act 2000 (Consequential Amendments) Order 2002, Article 11: Insurance companies formed before 3rd November 1966 in contravention of section 434 of the Companies Act 1948


In section 716 of the Companies Act 1985 (prohibition of partnerships with more than 20 members), after subsection (5) insert—
“(6) Subsection (1), or any corresponding provision previously in force, does not invalidate the formation of any insurance company which immediately before 3rd November 1966 was carrying on in Great Britain insurance business of any class relevant for the purposes of Part I of the Insurance Companies Act 1974 and was carrying on business of that class on 25th July 1973.”.

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Source: https://www.legislation.gov.uk/uksi/2002/1555/article/11 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-order-2002/article-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.