26(1)The information required by paragraphs 27 and 28 shall be given where at the end of the financial year the group has a significant holding in an undertaking which is not a subsidiary undertaking of the parent company and does not fall within paragraph 21 (joint ventures) or paragraph 22 (associated undertakings).
(2)A holding is significant for this purpose if—
(a)it amounts to [F120 per cent.] or more of the nominal value of any class of shares in the undertaking, or
(b)the amount of the holding (as stated or included in the group accounts) exceeds [F1one-fifth]of the amount of the group’s assets (as so stated).
Textual Amendments
F1Words in Sch. 5 para. 26(2) substituted (2.2.1996) by S.I. 1996/189, reg. 14(3), Sch. 3 para. 19 (with reg. 16)