Part 5 – Miscellaneous Failure to prevent fraud Section 202: Large organisations: parent undertakings
Under Section 202, where the organisation is a "parent undertaking" of one or more companies, the thresholds will apply to the aggregate turnover, balance sheet total or employee numbers aggregated across the group. This is relevant both for the liability of the parent undertaking for fraud committed by its own associated persons (including employees of a subsidiary, under section 199(8) and application of the offence under section 199(2) to a subsidiary which is part of a group which passes the "large organisation" threshold.