Sch. 1 para. 5 in force at 14.12.2020 by S.I. 2020/1514, reg. 15(1)

http://www.legislation.gov.uk/uksi/2020/753/schedule/1/paragraph/5/2022-04-28The Sudan (Sanctions) (EU Exit) Regulations 2020texttext/xmlenEXITING THE EUROPEAN UNIONSANCTIONSStatute Law Database2024-08-19Expert Participation2022-04-28These Regulations are made under the Sanctions and Anti-Money Laundering Act 2018 (c.13) to establish a sanctions regime in relation to Sudan for the purposes of implementing many of the obligations that the United Kingdom has under UN Security Council Resolutions 1556 (2004), 1591 (2005), 1672 (2006) and 2035 (2012). They also have the purposes of promoting the peace, security and stability of Sudan, encouraging the resolution of the armed conflicts in Sudan and the stabilisation of Sudan, promoting respect for democracy, the rule of law and good governance in Sudan and other related purposes.SCHEDULESSCHEDULE 1Rules for interpretation of regulation 7(2)Voting rights5.(1)

A reference to the voting rights in a person is to the rights conferred on shareholders in respect of their shares (or, in the case of a person not having a share capital, on members) to vote at general meetings of the person on all or substantially all matters.

(2)

In relation to a person that does not have general meetings at which matters are decided by the exercise of voting rights—

(a)

a reference to holding voting rights in the person is to be read as a reference to holding rights in relation to the person that are equivalent to those of a person entitled to exercise voting rights in a company;

(b)

a reference to holding “more than 50% of the voting rights” in the person is to be read as a reference to holding the right under the constitution of the person to block changes to the overall policy of the person or to the terms of its constitution.

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Sch. 1 para. 5 in force at 14.12.2020 by
<ref eId="c6gcueex4-00125" href="http://www.legislation.gov.uk/id/uksi/2020/1514">S.I. 2020/1514</ref>
,
<ref eId="c6gcueex4-00126" class="subref operative" href="http://www.legislation.gov.uk/id/uksi/2020/1514/regulation/15/1">reg. 15(1)</ref>
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<p>A reference to the voting rights in a person is to the rights conferred on shareholders in respect of their shares (or, in the case of a person not having a share capital, on members) to vote at general meetings of the person on all or substantially all matters.</p>
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