Interpretation of Part 5
This section has no associated Policy Notes
15. Examples of significant influence and control include, in particular, where—
(a)a person has absolute rights to take or veto decisions related to the running of the business of the overseas entity,
(b)a person’s recommendations are always or almost always followed by shareholders who hold the majority of the voting rights in the overseas entity, or
(c)a person is significantly involved in the management and direction of the overseas entity.