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Regulation 8 Duty to prepare a consolidated report

Original text. Later amendments are not shown.

(1)

The directors of a parent undertaking must prepare a consolidated report annually on payments made to governments for each financial year of the parent undertaking (the “consolidated report”) if that undertaking is—

(a)

a large undertaking or a public interest entity;

(b)

a mining or quarrying undertaking or a logging undertaking; and

(c)

obliged to prepare consolidated group accounts.

(2)

A parent undertaking is a mining or quarrying undertaking or a logging undertaking if any of its subsidiary undertakings is a mining or quarrying undertaking or a logging undertaking.