Content Options

Add to favourites

View Options

More Resources:

External link Handbook Publications

participation

      1. 114
        1. (1) (for the purposes of118 GENPRU (except GENPRU 3) and for the purposes of BIPRU (except BIPRU 12)122 as they apply on a consolidated basis):
          1. (a) a participating interest may be defined according to:
            1. (i) section 421A of the Act where applicable; or
            1. (ii) paragraph 11(1) of Schedule 10 to the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 (SI 2008/410) where applicable; or
            1. (iii) paragraph 8 of Schedule 7 to the Small Companies and Groups (Accounts and Directors' Report) Regulations 2008 (SI 2008/409) where applicable; or
            1. (iv) paragraph 8 of Schedule 4 to the Large and Medium-sized Limited Liability Partnerships (Accounts) Regulations 2008 (SI 2008/1913) where applicable; or
            1. (v) paragraph 8 of Schedule 5 to the Small Limited Liability Partnerships (Accounts) Regulations 2008 (SI 2008/1912) where applicable; or
          1. (b) (otherwise) the direct or indirect ownership of 20% or more of the voting rights or capital of an undertaking;
          but excluding the interest of a parent undertaking in its subsidiary undertaking.
        1. (2) (except in (1) has the meaning in article 4(1)(35) of the EU CRR.