QUESTION OF ETHICS ; ;Q My firm operates under two different names, but our investment business certificate is issued in one of the names only. Is this a problem? ;A S.15(3) of the Financial Services Act 1986 states that a certificate issued to a partnership must be issued in the partnership name and only authorises the partnership carrying on investment business in that name. Where, therefore, the certificate is issued in only one of the names of the firm, it must be made clear on the notepaper of the part of the firm using the different name that it is part of the one same partnership. For example, if your firm names were Smith & Co and Jones & Co, you would need to include a statement such as: Smith & Co is part of Jones & Co, which is regulated by the Law Society in the conduct of investment business. It would not be sufficient to state that Jones & Co and Smith & Co are in association. ; ; ; ; ;