Commission Regulation (EC) No 1738/2005 of 21 October 2005 amending Regulation (EC) No 1916/2000 as regards the definition and transmission of information on the structure of earnings (Text with EEA relevance)
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Changes over time for: Division 1.4.
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Version Superseded: 31/12/2020
Status:
Point in time view as at 31/01/2020.
Changes to legislation:
There are currently no known outstanding effects for the Commission Regulation (EC) No 1738/2005, Division 1.4..
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1.4.Form of economic and financial control of the enterpriseU.K.
This variable distinguishes only between the categories ‘public control’ and ‘private control’. The first category refers to any undertaking over which the public authorities may exercise, directly or indirectly, a dominant influence by virtue of their ownership of it, their financial participation therein, or the rules which govern it. A dominant influence (or control) on the part of the public authorities shall be presumed when these authorities directly or indirectly:
hold the major part of the undertaking's subscribed capital (> 50 %), or
control the majority of the votes attached to shares issued by the undertaking or can appoint more than half of the members of the undertaking's administrative, managerial or supervisory body.
The second category is defined analogously. Balanced public and private ownership (50/50 ‘shared control’) is very rare in practice. Such cases will not therefore be coded separately and should, if they occur, be treated as being under ‘private control’.
The transmission codes for the two categories of variable 1.4 will be presented in an implementation paper to be distributed by Eurostat.
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