# The Partnerships (Unrestricted Size) No. 16 Regulations 2001, Regulation 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.

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Source: https://www.legislation.gov.uk/uksi/2001/1389/regulation/2 (the official version)
Page: https://openlegislation.uk/partnerships-unrestricted-size-no-16-regulations-2001/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.