# The Small Companies and Groups (Accounts and Directors’ Report) Regulations 2008, Paragraph 7: Acquisition and merger accounting


(1) The following provisions apply where an undertaking becomes a subsidiary undertaking of the parent company.
(2) That event is referred to in those provisions as an “acquisition”, and references to the “undertaking acquired” are to be construed accordingly.

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Source: https://www.legislation.gov.uk/ukdsi/2008/9780110806426/schedule/6/paragraph/7 (the official version)
Page: https://openlegislation.uk/draft-small-companies-and-groups-accounts-and-directors-report-regulations-2008/schedule-6/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.