What the document covers
The direction discusses compliance with accounting standards and presenting a true and fair view. It addresses company and consolidated accounts under the statutory wording then in force.
Specific requirements and implications
An entity could be an accounting parent without matching the statutory holding-company definition, or the reverse. The direction explains why that distinction affects which financial statements are prepared. A legal holding relationship alone was not a substitute for applying the relevant reporting standards to the investment. Conversely, an accounting parent could still have a consolidation obligation. The cited standard numbers and statutory provisions reflect the period of the interpretation.
Official source
A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.
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