In section 716(1) of the Companies Act 1985 (prohibition on formation of companies with more than 20 members unless registered under the Act etc.), after "this Act," insert ." is incorporated by virtue of regulations made under section 262 of the Financial Services and Markets Act 2000 "
Section 263: Amendment of section 716 Companies Act 1985.
Financial Services and Markets Act 2000 · 2000 c. 8View on legislation.gov.uk
Part XVII: Collective Investment Schemes — Chapter IV: Open-ended Investment Companies
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