ERSM61020 - Securities with Artificially Enhanced Value

Dependent subsidiary pre-16 April 2003 - meaning of dependent subsidiary

The status of a subsidiary company is determined by reference to a period of account, and a subsidiary company will be a dependent subsidiary company unless each of the four conditions in FA88/S86 (1) is satisfied for the period of account.

The first two conditions (ERSM61030) concern the conduct of the company바카라 사이트™s business during the period of account. The third and fourth conditions (ERSM61040) concern the company바카라 사이트™s requirement to give a certificate after the end of the period of account.

If any of the conditions is not satisfied the company is a dependent subsidiary for the period of account.