{
  "url": "https://openlegislation.uk/finance-act-2004/schedule-20/paragraph-11",
  "json_url": "https://openlegislation.uk/finance-act-2004/schedule-20/paragraph-11.json",
  "legislation": "ukpga/2004/12",
  "legislation_title": "Finance Act 2004",
  "legislation_url": "https://openlegislation.uk/finance-act-2004",
  "path": "schedule/20/paragraph/11",
  "kind": "paragraph",
  "number": "11",
  "heading": null,
  "text": "In paragraph 36 (requirement as to money raised)—\n(a) in sub-paragraph (1B)(b)—\n(i) for “relevant trade was not being carried on” substitute “ issuing company or a qualifying 90% subsidiary of that company had not begun to carry on the relevant trade ”,\n(ii) for “subsidiary” substitute “ qualifying 90% subsidiary of that company ”,\n(b) in sub-paragraphs (4)(b)(ii) and (5)(b), for “qualifying subsidiary” substitute “ qualifying 90% subsidiary ”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2004/12/schedule/20/paragraph/11",
    "retrieved_at": "2026-10-29T09:17:16.113356+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}