5(1)Before paragraph 19 of that Schedule insert the heading “Provisions where company is parent company or subsidiary undertaking”; and that paragraph is amended as follows.
(2)In sub-paragraph (1) for the words from “is a holding company” onwards substitute “is a parent company”.
(3)In sub-paragraph (2)—
(a)for “subsidiaries” (four times) substitute “subsidiary undertakings”, and
(b)in paragraph (a), for “Part I” substitute “paragraphs 5, 6, 10, 13 and 14”.
(4)Omit sub-paragraphs (3) to (7).