SCHEDULES
F1SCHEDULE 1AReferences to people with significant control over a company
F1PART 3Supplementary provision
Rights treated as held by person who controls their exercise
20
(1)
Where a person controls a right, the right is to be treated for the purposes of this Schedule as held by that person (and not by the person who in fact holds the right, unless that person also controls it).
(2)
A person “controls” a right if, by virtue of any arrangement between that person and others, the right is exercisable only—
(a)
by that person,
(b)
in accordance with that person's directions or instructions, or
(c)
with that person's consent or concurrence.