Related provisions for COND 2.3.11
1 - 2 of 2 items.
(1) For the purposes of the threshold conditions set out in paragraphs 2C and 3B of Schedule 6 to the Act,6 and except in relation to an incorporated friendly society, an undertaking is a parent undertaking of another undertaking (a subsidiary undertaking) if any of the following apply to it:6(a) it holds a majority of the voting rights in the subsidiary undertaking; or(b) it is a member of the subsidiary undertaking and has the right to appoint or remove a majority of its board