# The Small Companies and Groups (Accounts and Directors’ Report) Regulations 2008, Paragraph 5: Significant holdings in undertakings other than subsidiary undertakings


(1) The information required by paragraphs 6 and 7 must be given where at the end of the financial year the company has a significant holding in an undertaking which is not a subsidiary undertaking of the company.
(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 company’s accounts) exceeds 20% of the amount (as so stated) of the company’s assets.

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Source: https://www.legislation.gov.uk/ukdsi/2008/9780110806426/schedule/2/paragraph/5 (the official version)
Page: https://openlegislation.uk/draft-small-companies-and-groups-accounts-and-directors-report-regulations-2008/schedule-2/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.