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Paragraph 3

Original text. Later amendments are not shown.

Where a company’s auditors are a body corporate (other than one which is also a partnership as defined in paragraph 4(c) below), each of the following shall also be regarded as an associate of theirs—

(a)

any other body corporate which has a director in common with the company’s auditors;

(b)

any director of the company’s auditors;

(c)

any body corporate which is in the same group as a body corporate which is a director of, or has a director in common with, the company’s auditors;

(d)

any partnership in which a director of the company’s auditors is a partner;

(e)

any body corporate which is in the same group as the company’s auditors;

(f)

any partnership in which any such body corporate which is in the same group as the company’s auditors is a partner.