OpenLegislation

Paragraph 30 Other significant holdings of parent LLP or group

Original text. Later amendments are not shown.

(1)

The information required by paragraphs 31 and 32 must be given where at the end of the financial year the group has a significant holding in an undertaking which is not a subsidiary undertaking of the parent LLP and does not fall within paragraph 25 (joint ventures) or paragraph 26 (associated undertakings).

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