Financial Services and Markets Act 2000 (c. 8)

SCHEDULES

[F1 SCHEDULE 11B U.K. CONNECTED PERSONS

Textual Amendments

F1 Sch. 11B inserted (1.10.2009) by The Financial Services and Markets Act 2000 (Amendment) Regulations 2009 (S.I. 2009/2461), reg. 2(2)(3), Sch. (this amendment supersedes the amendment in para. 181(2) of Sch. 1 to the Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941))

PART 2 U.K. CONNECTED PERSONS: REFERENCES TO AN INTEREST IN SHARES OR DEBENTURES

Bodies corporate U.K.

11 (1)  A person is taken to be interested in shares if a body corporate is interested in them and—

(a) the body corporate or its directors are accustomed to act in accordance with the person's directions or instructions, or

(b) the person is entitled to exercise or control the exercise of more than one-half of the voting power at general meetings of the body corporate.

(2) For the purposes of sub-paragraph (1)(b) where—

(a) a person is entitled to exercise or control the exercise of more than one-half of the voting power at general meetings of a body corporate, and

(b) that body corporate is entitled to exercise or control the exercise of any of the voting power at general meetings of another body corporate,

the voting power mentioned in paragraph (b) above is taken to be exercisable by that person.]