PART 3Undertakings
CHAPTER 1Relevant undertakings
Relevant undertakings15.
(1)
Subject to regulation 16, an undertaking is a “relevant undertaking” in relation to a compliance period if, on the qualification date for that compliance period, it is—
(a)
a large undertaking, or
(b)
a small or medium undertaking which is a group undertaking in respect of a relevant undertaking falling within sub-paragraph (a).
(2)
For the purposes of these Regulations whether an undertaking is a large undertaking, or is a small or medium undertaking, is to be determined in accordance with Schedule 1.