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The Regulatory Reform (Financial Services and Markets Act 2000) Order 2007
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Partnerships and unincorporated associations
3. In section 32 (partnerships and unincorporated associations)—
(a)in subsection (2), after “in relation to any” insert “individual or”;
(b)for subsection (3), substitute—
“(3) For the purposes of this section, an individual or firm is to be regarded as succeeding to the business of a dissolved firm only if succession is to the whole or substantially the whole of the business of the former firm.”.
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