Paragraph 5 I1

United Kingdom

In section 394A (individual accounts: exemption for dormant subsidiaries) M1—

(a)

in subsection(1)(c), for “an EEA State” substitute “ any part of the United Kingdom ”; and

(b)

for subsection (2)(c)(i), substitute—

“(i)
if the undertaking is a company, the requirements of this Part of this Act, or, if the undertaking is not a company, the legal requirements which apply to the drawing up of consolidated accounts for that undertaking, or”.

Annotations

Marginal citations

M1: Section 394A was inserted by S.I. 2012/2301, and amended by S.I. 2015/980.

Commencement

I1: Sch. 2 para. 5 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)(c)