# Companies Act 1985, Paragraph 16

Extent: E+W+S

The information required by paragraph 13, 14 or 15 above need not be disclosed with respect to an undertaking which—
(a) is established under the law of a country outside the United Kingdom, or
(b) carries on business outside the United Kingdom,
if in the opinion of the directors of the parent company the disclosure would be seriously prejudicial to the business of that undertaking or to the business of the parent company or any of its subsidiary undertakings and the Secretary of State agrees that the information should not be disclosed.

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Source: https://www.legislation.gov.uk/ukpga/1985/6/schedule/4A/paragraph/16 (the official version)
Page: https://openlegislation.uk/companies-act-1985/schedule-4A/paragraph-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.