http://www.legislation.gov.uk/ukpga/2021/25/schedule/1/paragraph/7/2021-07-01
National Security and Investment Act 2021
An Act to make provision for the making of orders in connection with national security risks arising from the acquisition of control over certain types of entities and assets; and for connected purposes.
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Statute Law Database
2024-05-18
Expert Participation
2021-07-01
SCHEDULES
SCHEDULE 1Trigger events: holding of interests and rights
Rights attached to shares held by way of security
7
Rights attached to shares held by way of security provided by a person are to be treated as held by that person—
a
where apart from the right to exercise them for the purpose of preserving the value of the security, or of realising it, the rights are exercisable only in accordance with that person's instructions, and
b
where the shares are held in connection with the granting of loans as part of normal business activities and apart from the right to exercise them for the purpose of preserving the value of the security, or of realising it, the rights are exercisable only in that person's interests.