Companies Act (Cap. 386), article 173

173. A parent company shall be exempt from the requirements to prepare consolidated accounts if as at its balance sheet dat e the undertakings to be consolidated do not together, on the basis o f their latest individual accounts, exceed the limits of two of t he three criteria laid down in article 185(5): Provided that none of the undertakings to be consolidated is a company the securities of whic h have been admitted to trading on a regulated market or on an equivalent market in a non-Member State or non-EEA State: Provided further that none of the group companies is a public-interest entity. Exemption for parent companies included in accounts of larger groups. Amended by: IV . 2003.76; IX. 2008.24; XXXI. 2015.11.