The Partnerships (Unrestricted Size) No. 14 Regulations 2000
Section 716 of the Companies Act 1985 prohibits the formation of partnerships consisting of more than 20 persons. These Regulations exempt from that prohibition partnerships formed for the purpose of carrying on one or more of the activities listed in the Schedule to the Regulations, and consisting of persons the majority of whom are members of either the Royal Institution of Chartered Surveyors or of a corresponding professional association in a Member State of the European Economic Area.