# Finance (No. 2) Act 2023, Paragraph 11: Application to investment entities in same territory as owners

Extent: E+W+S+N.I.

(1) Subsection (2) applies where—
(a) an investment entity that is a member of a multinational group, and
(b) all of the members of a multinational group with direct ownership interests in it,
are located in the same territory.
(2) The investment entity is to be treated as a standard member of that group for the purposes of this Part of this Schedule.

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Source: https://www.legislation.gov.uk/ukpga/2023/30/schedule/16/paragraph/11 (the official version)
Page: https://openlegislation.uk/finance-no-2-act-2023/schedule-16/paragraph-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.