# The Partnerships (Unrestricted Size) No. 9 Regulations 1992, Regulation 2


(1) Section 716(1) of the Companies Act 1985 does not prohibit the formation for the purpose of carrying on business as a member firm of the London Stock Exchange of a partnership consisting of more than 20 persons which is upon formation a member firm of the London Stock Exchange by virtue of succeeding to the business of another partnership which was such a member firm.
(2) In these Regulations, “the London Stock Exchange” means The International Stock Exchange of the United Kingdom and the Republic of Ireland Limited. N. Hamilton Parliamentary Under-Secretary of State, 24th April 1992

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Source: https://www.legislation.gov.uk/uksi/1992/1028/regulation/2 (the official version)
Page: https://openlegislation.uk/partnerships-unrestricted-size-no-9-regulations-1992/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.