Sch 6 para 8
(1) Rights shall be treated as held by a holding company if they are held by any of its subsidiary companies. (2) Nothing in paragraph 6 or 7 shall be construed as requiring rights held by a holding company to be treated as held by any of its subsidiaries. (3) For the purposes of paragraph 7 rights shall be treated as being exercisable in accordance with the instructions or in the interests of a company if they are exercisable in accordance with the instructions of or, as the case may be, in the interests of— (a) any subsidiary or holding company of that company, or (b) any subsidiary of a holding company of that company.