Paragraph 10 F1
United Kingdom
The conditions for accounting for an acquisition as a merger are—
(a)
that the undertaking whose shares are acquired is ultimately controlled by the same party both before and after the acquisition,
(b)
that the control referred to in paragraph (a) is not transitory, and
(c)
that adoption of the merger method accords with generally accepted accounting principles or practice.
Annotations
Textual amendments
- F1
Sch. 6 para. 10 substituted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 39(4) (with reg. 3)