# The Regulatory Reform (Financial Services and Markets Act 2000) Order 2007, Article 3: Partnerships and unincorporated associations


In section 32 (partnerships and unincorporated associations)—
(a) in subsection (2), after “in relation to any” insert “individual or”;
(b) for subsection (3), substitute—
“(3) For the purposes of this section, an individual or firm is to be regarded as succeeding to the business of a dissolved firm only if succession is to the whole or substantially the whole of the business of the former firm.”.

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Source: https://www.legislation.gov.uk/uksi/2007/1973/article/3 (the official version)
Page: https://openlegislation.uk/regulatory-reform-financial-services-and-markets-act-2000-order-2007/article-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.