# Finance (No. 2) Act 2017, Paragraph 8


After section 257MI insert—
“The financial health requirement
257MIA (1) The social enterprise must meet the financial health requirement at the beginning of the shorter applicable period.
(2) The financial health requirement is that the social enterprise is not in difficulty.
(3) The social enterprise is “in difficulty” if it is reasonable to assume that it would be regarded as a firm in difficulty for the purposes of the Community Guidelines on State Aid for Rescuing and Restructuring Firms in Difficulty (2004/C 244/02).”

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Source: https://www.legislation.gov.uk/ukpga/2017/32/schedule/1/paragraph/8 (the official version)
Page: https://openlegislation.uk/finance-no-2-act-2017/schedule-1/paragraph-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.