s 208 Exceptions for intra-group transactions
(1) Approval is not required under section 197, 198 or 200 for— (a) the making of a loan or quasi-loan to an associated body corporate, or (b) the giving of a guarantee or provision of security in connection with a loan or quasi-loan made to an associated body corporate. (2) Approval is not required under section 201— (a) to enter into a credit transaction as creditor for the benefit of an associated body corporate, or (b) to give a guarantee or provide security in connection with a credit transaction entered into by any person for the benefit of an associated body corporate.