Loading…eh

🔆 📖 ➕ 👤

Statutory Instruments

2001 No. 1389

PARTNERSHIP

The Partnerships (Unrestricted Size) No. 16 Regulations 2001

Made

4th April 2001

Coming into force

10th May 2001

The Secretary of State, in exercise of the power conferred on him by sections 716(2)(d) and 744 of the Companies Act 1985( 1 ), hereby makes the following Regulations:—

1. These Regulations may be cited as the Partnerships (Unrestricted Size) No. 16 Regulations 2001, and shall come into force on 10th May 2001.

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( 2 ), 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 ( 3 ).

Kim Howells,

Parliamentary Under-Secretary of State for Consumers and Corporate Affairs,

Department of Trade and Industry

4th April 2001

( 1 )

1985 c. 6 ; section 716(2)(d) was substituted by the Companies Act 1989 (c. 40) , section 145 and Schedule 19, paragraph 15(2); section 744 contains a definition of “prescribed” relevant to the exercise of the power conferred by section 716(2)(d).

( 2 )

1986 c. 60 .

( 3 )

S.I. 1995/3275 .

Status: This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
The Partnerships (Unrestricted Size) No. 16 Regulations 2001 (2001/1389)
Version from: original only

Displaying information

Status of this instrument

in force Provision is in force
in force* In force only for specified purposes (see footnote)
not in force Not in force in England (may be in force in other geographies, see footnotes)
defined term Defined term
dfn Defined term (alternative style)
footnote commentary transitional and savings in force status related provisions geo extent insert/omit source count in force adj
Defined Term Section/Article ID Scope of Application
European investment firm Unknown def_54ab1f6fb7
home-regulated investment business Unknown def_a106956629

Status of changes to instrument text

The list includes made instruments, both those in force and those yet to come into force. Typically, instruments that are not yet in force (hence their changes are not incorporated into the text above) are indicated by description 'not yet' in the changes made column.

Contains public sector information licensed under the Open Government Licence v3.0.