# The Large and Medium-sized Limited Liability Partnerships (Accounts) Regulations 2008, Paragraph 3: Significant holdings in undertakings other than subsidiary undertakings


(1) The information required by paragraphs 4 and 5 must be given where at the end of the financial year the LLP has a significant holding in an undertaking which is not a subsidiary undertaking of the LLP, and which does not fall within paragraph 16 (joint ventures) or 17 (associated undertakings).
(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 LLP’s individual accounts) exceeds one-fifth of the amount (as so stated) of the LLP’s assets.

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Source: https://www.legislation.gov.uk/ukdsi/2008/9780110818351/schedule/2/paragraph/3 (the official version)
Page: https://openlegislation.uk/draft-large-and-medium-sized-limited-liability-partnerships-accounts-regulations-2008/schedule-2/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.