SCHEDULES

F1SCHEDULE 1AReferences to people with significant control over a company

F1PART 3Supplementary provision

Rights treated as held by person who controls their exercise

21

(1)

“Arrangement” includes—

(a)

any scheme, agreement or understanding, whether or not it is legally enforceable, and

(b)

any convention, custom or practice of any kind.

(2)

But something does not count as an arrangement unless there is at least some degree of stability about it (whether by its nature or terms, the time it has been in existence or otherwise).