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Regulation 13 Exemption from duty to prepare report or consolidated report

Original text. Later amendments are not shown.

The directors of an undertaking that is a subsidiary undertaking or a parent undertaking are exempt from preparing a report or a consolidated report if—

(a)

the parent undertaking is subject to equivalent reporting requirements; and

(b)

the payments to governments made by the undertaking are included in a consolidated report drawn up to the same date, or to an earlier date, in the same financial year, by that parent undertaking prepared in accordance with equivalent reporting requirements.