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Regulation 12 Undertaking of research and development leading to or facilitating an extension of a class of trade

Original text. Later amendments are not shown.

In relation to an accounting period, the undertaking of research and development is deemed to be capable of leading to or facilitating an extension of a class of trade if—

(a)

the research and development is undertaken in accordance with regulation 13;

(b)

the results of any research and development are or will be disseminated in accordance with regulation 14; and

(c)

the intellectual property requirements in regulation 16 are satisfied.