Paragraph 18 Requirement to give information about other significant holdings of parent LLP or group

(1)

The information required by paragraphs 4 and 5 must also be given where at the end of the financial year the group has a significant holding in an undertaking which is not a subsidiary undertaking of the parent LLP and does not fall within paragraph 16 (joint ventures) or 17 (associated undertakings), as though the references to the LLP in those paragraphs were a reference to the group.

(2)

A holding is significant for this purpose if—

(a)

it amounts to 20% or more of the nominal value of any class of shares in the undertaking, or

(b)

the amount of the holding (as stated or included in the group accounts) exceeds one-fifth of the amount of the group’s assets (as so stated).

(3)

For the purposes of those paragraphs as applied to a group the “relevant financial year” of an outside undertaking is—

(a)

if its financial year ends with that of the parent LLP, that year, and

(b)

if not, its financial year ending last before the end of the parent LLP’s financial year.