# Finance Act 2004, Paragraph 11


In paragraph 36 (requirement as to money raised)—
(a) in sub-paragraph (1B)(b)—
(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 ”,
(ii) for “subsidiary” substitute “ qualifying 90% subsidiary of that company ”,
(b) in sub-paragraphs (4)(b)(ii) and (5)(b), for “qualifying subsidiary” substitute “ qualifying 90% subsidiary ”.

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Source: https://www.legislation.gov.uk/ukpga/2004/12/schedule/20/paragraph/11 (the official version)
Page: https://openlegislation.uk/finance-act-2004/schedule-20/paragraph-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.