# The Partnerships (Unrestricted Size) No. 14 Regulations 2000, Note: Explanatory note


(This note is not part of the Regulations)
Section 716 of the Companies Act 1985 prohibits the formation of partnerships consisting of more than 20 persons. These Regulations exempt from that prohibition partnerships formed for the purpose of carrying on one or more of the activities listed in the Schedule to the Regulations, and consisting of persons the majority of whom are members of either the Royal Institution of Chartered Surveyors or of a corresponding professional association in a Member State of the European Economic Area.
These Regulations replace, and revoke, the Partnerships (Unrestricted Size) No. 1 Regulations 1968 (S.I. 1968/1222).
A Regulatory Impact Assessment of these Regulations is available from the Department of Trade and Industry, Company Law and Investigations Directorate, Room 4102, 1 Victoria Street, London SW1H 0ET. A copy has also been placed in the libraries of both Houses of Parliament.

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Source: https://www.legislation.gov.uk/uksi/2000/486/note (the official version)
Page: https://openlegislation.uk/partnerships-unrestricted-size-no-14-regulations-2000/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.