1. These Regulations may be cited as the Partnerships (Unrestricted Size) No. 11 Regulations 1996 and shall come into force on 15th March 1996.
2. Section 716(1) of the Companies Act 1985 does not prohibit the formation for the purpose of carrying on practice as actuaries of a partnership consisting of persons not less than three-quarters of the total number of whom are either Fellows of the Institute of Actuaries or Fellows of the Faculty of Actuaries.
3. The Partnerships (Unrestricted Size) No. 2 Regulations 1970(1) are hereby revoked.
Phillip Oppenheim
Parliamentary Under Secretary of State for Company Affairs,
Department of Trade and Industry
8th February 1996