{
  "url": "https://openlegislation.uk/partnerships-unrestricted-size-no-16-regulations-2001/regulation-2",
  "json_url": "https://openlegislation.uk/partnerships-unrestricted-size-no-16-regulations-2001/regulation-2.json",
  "legislation": "uksi/2001/1389",
  "legislation_title": "The Partnerships (Unrestricted Size) No. 16 Regulations 2001",
  "legislation_url": "https://openlegislation.uk/partnerships-unrestricted-size-no-16-regulations-2001",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": null,
  "text": "(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—\n(a) authorised to carry on that business under the Financial Services Act 1986, or\n(b) a European investment firm carrying on home-regulated business in the United Kingdom.\n(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.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "1986 c. 60."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "S.I. 1995/3275."
    }
  ],
  "outstanding_effects": [
    {
      "type": "substituted",
      "affecting": "uksi/2002/1555",
      "affecting_title": "The Financial Services and Markets Act 2000 (Consequential Amendments) Order 2002"
    },
    {
      "type": "omitted",
      "affecting": "uksi/2002/1555",
      "affecting_title": "The Financial Services and Markets Act 2000 (Consequential Amendments) Order 2002"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2001/1389/regulation/2",
    "retrieved_at": "2026-10-29T07:51:27.281243+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}