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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2024 - onwards
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488. Interpretation (Part 16).

(1) In this Part -

"associate" has the same meaning in relation to a person as it has by virtue of subsection (3) of section 433 in relation to a participator;

"company" means a body corporate;

"compliance period" means the pre-investment period and the relevant period;

"control" shall be construed in accordance with subsections (2) to (6) of section 432;

"director" shall be construed in accordance with section 433(4);

"emoluments" has the same meaning as in section 983;

"General Block Exemption Regulation" means Commission Regulation (EU) No. 651/2014 of 17 June 2014 [OJ No. L187, 26.6.2014, p. 43], as amended by Commission Regulation (EU) No. 2023/1315 of 23 June 2023 [OJ No. L167, 30.6.2023, p. 1];

"innovation" means process innovation or organisational innovation;

"market value" shall be construed in accordance with section 548;

"organisational innovation" means the implementation of a new organisational method in an undertaking's business practices, workplace organisation or

Comparing proposed amendment...