{
  "url": "https://openlegislation.uk/charities-accounts-and-reports-regulations-2008/regulation-19",
  "json_url": "https://openlegislation.uk/charities-accounts-and-reports-regulations-2008/regulation-19.json",
  "legislation": "uksi/2008/629",
  "legislation_title": "The Charities (Accounts and Reports) Regulations 2008",
  "legislation_url": "https://openlegislation.uk/charities-accounts-and-reports-regulations-2008",
  "path": "regulation/19",
  "kind": "regulation",
  "number": "19",
  "heading": "Exceptions relating to requirement to prepare group accounts",
  "text": "(1) The circumstances in which a subsidiary undertaking may be excluded from group accounts required to be prepared under paragraph 3(2) of Schedule 5A to the 1993 Act are—\n(a) subject to paragraph (2), where the inclusion of the subsidiary undertaking is not material for the purposes of giving a true and fair view;\n(b) severe long term restrictions substantially hinder the exercise of the rights of the parent charity over the assets or management of the undertaking;\n(c) the information which is necessary for the preparation of the group accounts cannot be obtained without disproportionate expense or undue delay;\n(d) the interest of the parent charity in the undertaking is held exclusively with a view to subsequent resale.\n(2) Two or more subsidiary undertakings may only be excluded from the group accounts under paragraph (1)(a) if they are not material when taken together.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2008/629/regulation/19",
    "retrieved_at": "2026-10-29T03:34:41.193879+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}