Companies Act 1989 (c. 40)

SCHEDULES

SCHEDULE 7 U.K. Special Provisions for Banking and Insurance Companies and Groups

Part III U.K. [Part III of Schedule 9 to the Companies Act 1985]Additional Disclosure: Related Undertakings

1 Where accounts are prepared in accordance with the special provisions of this Part relating to banking companies or groups, there shall be disregarded for the purposes of—

(a) paragraphs 7(2)(a), 23(2)(a) and 26(2)(a) of Schedule 5 (information about significant holdings in undertakings other than subsidiary undertakings: definition of 10 per cent. holding), and

(b) paragraphs 9(1), 25(1) and 28(1) of that Schedule (additional information in case of 20 per cent. holding),

any holding of shares not comprised in the equity share capital of the undertaking in question.