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Paragraph 4

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Any subsidiary of any such body as is mentioned in section 3(1)(b) of the 1969 Act (which exempts any body corporate established by or under any enactment for the carrying on of any industry or part of an industry, or of any undertaking, under national ownership or control) and any company of which two or more such bodies are members and which would, if those bodies were a single corporate body, be a subsidiary of that body corporate.