# Building Societies Act 1986, Paragraph 13


(1) The information required by paragraphs 14 and 15 must 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 12 (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-fifth of the amount of the society’s assets (as so stated).

---
Source: https://www.legislation.gov.uk/ukpga/1986/53/schedule/10B/paragraph/13 (the official version)
Page: https://openlegislation.uk/building-societies-act-1986/schedule-10B/paragraph-13
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.