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Paragraph 4 Significant holdings in undertakings other than subsidiary undertakings

Original text. Later amendments are not shown.

(1)

The information required by paragraphs 5 and 6 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.

(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 accounts) exceeds 20% of the amount (as so stated) of the LLP’s assets.