# Finance Act 2018, 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,”.

---
Source: https://www.legislation.gov.uk/ukpga/2018/3/schedule/8/paragraph/27 (the official version)
Page: https://openlegislation.uk/finance-act-2018/schedule-8/paragraph-27
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.