83.This section makes particular provision for partnerships and unincorporated associations.  In principle, it is possible to view a change of partners in a partnership, or a change of the membership of an unincorporated association, as the formation of a new partnership or association.  It would be very burdensome and unsatisfactory if such changes meant that a partnership or association that was substantially the same had to renew its authorisation simply because of such a change to its membership.  This section therefore ensures that in such circumstances the authorisation is not interrupted.  It also allows the authorisation to pass to a successor partnership or association in the event of dissolution, but only where the members and the business of the successor are substantially the same as the original.
Commentary on Sections Part Iii: Authorisation and Exemption Section 32: Partnerships and unincorporated associations