23. Top‑up amounts of minority‑owned constituent entities and members of minority‑owned subgroup

In this Part, the top‑up amount of a constituent entity that is a minority‑owned constituent entity (not being an investment entity or an insurance investment entity), and that is not a member of a minority‑owned subgroup, is determined by applying sections 16, 17, 18, 20 and 21 (and regulations made for the purposes of those sections) to the constituent entity as if it were the only constituent entity of the MNE group located in the jurisdiction, and for this purpose references to a constituent entity (not being a special entity) in those sections are references to the constituent entity.

In this Part, the top‑up amount of a constituent entity that is a member of a minority‑owned subgroup is determined by applying sections 16, 17, 18, 20 and 21 (and regulations made for the purposes of those sections) to that entity as if references to a constituent entity (not being a special entity) in those sections were references to a member of the minority‑owned subgroup, and references to an MNE group in those sections were references to the minority‑owned subgroup.