For the purposes of this Directive, participating interest shall mean rights in the capital of other undertakings, whether or not represented by certificates, which, by creating a durable link with those undertakings, are intended to contribute to the company's activities. The holding of part of the capital of another company shall be presumed to constitute a participating interest where it exceeds a percentage fixed by the Member States which may not exceed 20 %.
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New version applies from 19/07/2013 — introduced by Directive 2013/34/EU (IFRS).
88 provisions change.
Article 17 is deleted from 19/07/2013.