# The Small Limited Liability Partnerships (Accounts) Regulations 2008, Paragraph 4: Significant holdings in undertakings other than subsidiary undertakings


(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.

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Source: https://www.legislation.gov.uk/ukdsi/2008/9780110818344/schedule/2/paragraph/4 (the official version)
Page: https://openlegislation.uk/draft-small-limited-liability-partnerships-accounts-regulations-2008/schedule-2/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.