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Financial Services and Markets Act 2000
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Changes over time for: Paragraph 11
Version Superseded: 03/07/2016
Alternative versions:
- 01/10/2009- Amendment
- 01/08/2014
Point in time - 03/07/2016- Amendment
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Point in time view as at 01/08/2014. This version of this provision has been superseded.
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Financial Services and Markets Act 2000, Paragraph 11 is up to date with all changes known to be in force on or before 28 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Bodies corporateU.K.
This section has no associated Explanatory Notes
[F111(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.]
Textual Amendments
F1Sch. 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))
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