# Companies Act 2006, Section 208: Exceptions for intra-group transactions


(1) Approval is not required under section 197, 198 or 200 for—
(a) the making of a loan or quasi-loan to an associated body corporate, or
(b) the giving of a guarantee or provision of security in connection with a loan or quasi-loan made to an associated body corporate.
(2) Approval is not required under section 201—
(a) to enter into a credit transaction as creditor for the benefit of an associated body corporate, or
(b) to give a guarantee or provide security in connection with a credit transaction entered into by any person for the benefit of an associated body corporate.

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Source: https://www.legislation.gov.uk/ukpga/2006/46/section/208 (the official version)
Page: https://openlegislation.uk/companies-act-2006/section-208
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.