OpenLegislation

Paragraph 27

In section 9A of CTA 2010 (designated currency of a UK resident investment company), in subsection (7)—

(a)

in the definition of “financial statements of the group”, for “(within the meaning of section 351 of TIOPA 2010)” substitute “ (and for this purpose “subsidiaries” has the meaning given by international accounting standards) ”, and

(b)

for the definition of “Y's group” substitute—

““Y's group” means a worldwide group of which Y is the ultimate parent within the meaning of Part 10 of TIOPA 2010,”.