(1)In section 271 of the Housing and Regeneration Act 2008 (meaning of subsidiary and associate), for subsections (1) to (5) substitute—
“(1)A person (“A”) is a subsidiary of another person (“B”) if—
(a)A is a subsidiary undertaking in relation to B for the purposes of the Companies Acts (see section 1162 of, and Schedule 7 to, the Companies Act 2006), or
(b)A would be a subsidiary undertaking in relation to B for those purposes if “undertaking” were defined for those purposes to mean any person.”
(2)For the purposes of section 74 of the Housing and Regeneration Act 2008, the amendment in subsection (1) applies in relation to leases granted on or after 10 June 2022.
Commencement Information
I1S. 38 not in force at Royal Assent, see s. 46(3)
I2S. 38 in force at 1.4.2024 by S.I. 2024/437, reg. 2(u)