[F1286BThe financial health requirementU.K.
This
adran has no associated
Nodiadau Esboniadol
(1)The requirement of this section is that the relevant company is not, at the time of the issue of the relevant holding, in difficulty.
(2)The relevant company is “in difficulty” if it is reasonable to assume that it would be regarded as a firm in difficulty for the purposes of the Community Guidelines on State Aid for Rescuing and Restructuring Firms in Difficulty (2004/C 244/02).]
Textual Amendments
F1Ss. 286A, 286B inserted (6.4.2011) (with effect in accordance with Sch. 2 paras. 7(3), 8 of the amending Act) by Finance (No. 3) Act 2010 (c. 33), Sch. 2 para. 2(8); S.I. 2011/662, art. 2