7(1)Paragraph 20 (major interest) is amended as follows.U.K.
(2)In sub-paragraph (1) (cases where one company has a major interest in another) omit paragraph (c) (both controllers etc to satisfy the same condition in sub-paragraph (2)).
(3)Omit sub-paragraph (2) (both controllers etc are creditors, or both are debtors, of the controlled company).
(4)The amendments made by this paragraph have effect for accounting periods beginning on or after 17th March 2004.