# The Limited Partnerships (Unrestricted Size) No. 2 Regulations 1990, Note: Explanatory note


(This note does not form part of the Regulations)
The Limited Partnerships Act 1907 provides that a limited partnership shall not consist of more than twenty persons. These Regulations exempt from that prohibition partnerships formed for the purpose of carrying on business as insurance brokers where each partner is either a registered insurance broker or an enrolled body corporate within the meaning of the Insurance Brokers (Registration) Act 1977.

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Source: https://www.legislation.gov.uk/uksi/1990/1580/note (the official version)
Page: https://openlegislation.uk/limited-partnerships-unrestricted-size-no-2-regulations-1990/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.