This section has no associated Explanatory Memorandum
6. Where—
(a)there is a group registration;
(b)a subsidiary company in the group is a small producer which has elected in the group registration application to follow the allocation method; and
(c)the subsidiary company follows the allocation method during at least the year of registration and the following two years,
the obligations of the holding company for that subsidiary company shall be determined using the allocation method.