(1) Subject to section 1588, Chapter 2 shall apply -
(a) subject to paragraph (c)(ii), for financial years commencing on or after 1 January 2024, to an applicable company falling within paragraph (a) of the definition of 'applicable company' that, in relation to a financial year -
(i) has an average number of employees that exceeds 500 and is a public-interest entity, or
(ii) in the case of a holding company, the company is the holding company of a group, the aggregate average number of employees of which exceeds 500, and is a public-interest entity,
(b) subject to paragraph (a) and (c)(ii), for financial years commencing on or after 1 January 2025, to an applicable company falling within paragraph (a) of the definition of 'applicable company', and
(c) for financial years commencing on or after 1 January 2026, to -
(i) an applicable company falling within paragraph (b) of the definition of 'applicable company', and
(ii) an applicable company falling within paragraph (a) or (b) of the d
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