Paragraph 16 Other significant holdings of society or group
(1)
The information required by paragraphs 17 and 18 shall be given where at the end of the financial year the society has a significant holding in an undertaking which is not one of its subsidiary undertakings and does not fall within paragraph 15 (associated undertakings).
(2)
A holding is significant for this purpose if—
(a)
it amounts to 20 per cent. or more of the nominal value of the shares in the undertaking, or
(b)
the amount of the holding (as stated or included in the society’s individual accounts) exceeds one-tenth of the amount of its assets (as so stated).