# The Partnerships (Unrestricted Size) No. 6 Regulations 1990

S.I. 1990/1581 · made 30 July 1990

Section 716(1) of the Companies Act 1985 prohibits the formation of partnerships consisting 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.

Made under: Companies Act 1985 (Section 716, Section 744)

PDFs: Printed copy https://openlegislation.uk/partnerships-unrestricted-size-no-6-regulations-1990/pdf/uksi_19901581_en.pdf

## Introductory text

PARTNERSHIP
Made 30th July 1990
Coming into force 21st August 1990
The Secretary of State, in exercise of the power conferred on him by sections 716(2)(d) and 744 of the Companies Act 1985, hereby makes the following Regulations:—

## 1 

These Regulations may be cited as the Partnerships (Unrestricted Size) No. 6 Regulations 1990, and shall come into force on 21st August 1990.

## 2 

(1) Section 716(1) of the Companies Act 1985 does not prohibit the formation for the purpose of carrying on business as insurance brokers of a partnership consisting of persons each of whom is a registered insurance broker or an enrolled body corporate.
(2) In these Regulations, “registered insurance broker” and “enrolled” have the meanings given in section 29(1) of the Insurance Brokers (Registration) Act 1977.

## Signature

John Redwood
Parliamentary Under-Secretary of State,
Department of Trade and Industry
30th July 1990

## Explanatory note

(This note does not form part of the Regulations)
Section 716(1) of the Companies Act 1985 prohibits the formation of partnerships consisting 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/1990/1581 (the official version)
Page: https://openlegislation.uk/partnerships-unrestricted-size-no-6-regulations-1990
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.