Paragraph 26

In section 180 (general interpretation), amend subsection (1) as follows.

In the definition of “company”, for the words from “formed” to the end substitute “ registered under the Companies Act 2006 in Northern Ireland ”.

In the definition of “financial year”, after paragraph (b) insert “ but this is subject to any provision of regulations made by virtue of paragraph 3(5) of Schedule 6 (financial years of subsidiary undertakings) ”.

After the definition of “public benefit” insert the following definition—

““the public benefit requirement” has the meaning given by section 3(1);”.”