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The Register of People with Significant Control Regulations 2016
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- UK Statutory Instruments
- 2016 No. 339
- SCHEDULE 2
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Changes over time for: SCHEDULE 2
Version Superseded: 04/03/2024
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- 06/04/2016- Amendment
- 25/05/2018
Point in time - 04/03/2024- Amendment
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Regulation 7
SCHEDULE 2U.K.PARTICULARS REQUIRED AS TO NATURE OF CONTROL
This schedule has no associated Explanatory Memorandum
Modifications etc. (not altering text)
C1Sch. 2 applied (with modifications) (E.W.S.) (6.4.2016) by The Limited Liability Partnerships (Register of People with Significant Control) Regulations 2016 (S.I. 2016/340), regs. 1(3), 4, Sch. 2 para. 4
PART 1 U.K.First Condition
1. A statement that the person holds, directly or indirectly, more than 25% but not more than 50% of the shares in the company.U.K.
2. A statement that the person holds, directly or indirectly, more than 50% but less than 75% of the shares in the company.U.K.
3. A statement that the person holds, directly or indirectly, 75% or more of the shares in the company.U.K.
PART 2 U.K.Second Condition
4. A statement that the person holds, directly or indirectly, more than 25% but not more than 50% of the voting rights in the company.U.K.
5. A statement that the person holds, directly or indirectly, more than 50% but less than 75% of the voting rights in the company.U.K.
6. A statement that the person holds, directly or indirectly, 75% or more of the voting rights in the company.U.K.
PART 3 U.K.Third Condition
7. A statement that the person holds the right, directly or indirectly, to appoint or remove a majority of the board of directors of the company.U.K.
PART 4 U.K.Fourth Condition
8. A statement that the person has the right to exercise, or actually exercises, significant influence or control over the company.U.K.
PART 5 U.K.Fifth Condition and Trusts
9. A statement that—U.K.
(a)the person has the right to exercise, or actually exercises, significant influence or control over the activities of a trust; and
(b)the trustees of that trust (in their capacity as such) hold, directly or indirectly, more than 25% but not more than 50% of the shares in the company.
10. A statement that—U.K.
(a)the person has the right to exercise, or actually exercises, significant influence or control over the activities of a trust; and
(b)the trustees of that trust (in their capacity as such) hold, directly or indirectly, more than 50% but less than 75% of the shares in the company.
11. A statement that—U.K.
(a)the person has the right to exercise, or actually exercises, significant influence or control over the activities of a trust; and
(b)the trustees of that trust (in their capacity as such) hold, directly or indirectly, 75% or more of the shares in the company.
12. A statement that—U.K.
(a)the person has the right to exercise, or actually exercises, significant influence or control over the activities of a trust; and
(b)the trustees of that trust (in their capacity as such) hold, directly or indirectly, more than 25% but not more than 50% of the voting rights in the company.
13. A statement that—U.K.
(a)the person has the right to exercise, or actually exercises, significant influence or control over the activities of a trust; and
(b)the trustees of that trust (in their capacity as such) hold, directly or indirectly, more than 50% but less than 75% of the voting rights in the company.
14. A statement that—U.K.
(a)the person has the right to exercise, or actually exercises, significant influence or control over the activities of a trust; and
(b)the trustees of that trust (in their capacity as such) hold, directly or indirectly, 75% or more of the voting rights in the company.
15. A statement that—U.K.
(a)the person has the right to exercise, or actually exercises, significant influence or control over the activities of a trust; and
(b)the trustees of that trust (in their capacity as such) hold the right, directly or indirectly, to appoint or remove a majority of the board of directors of the company.
16. A statement that—U.K.
(a)the person has the right to exercise, or actually exercises, significant influence or control over the activities of a trust; and
(b)the trustees of that trust (in their capacity as such) have the right to exercise, or actually exercise, significant influence or control over the company.
PART 6 U.K.Fifth Condition and Firms
17. A statement that—U.K.
(a)the person has the right to exercise, or actually exercises, significant influence or control over the activities of a firm that, under the law by which it is governed, is not a legal person; and
(b)the members of that firm (in their capacity as such) hold, directly or indirectly, more than 25% but not more than 50% of the shares in the company.
18. A statement that—U.K.
(a)the person has the right to exercise, or actually exercises, significant influence or control over the activities of a firm that, under the law by which it is governed, is not a legal person; and
(b)the members of that firm (in their capacity as such) hold, directly or indirectly, more than 50% but less than 75% of the shares in the company.
19. A statement that—U.K.
(a)the person has the right to exercise, or actually exercises, significant influence or control over the activities of a firm that, under the law by which it is governed, is not a legal person; and
(b)the members of that firm (in their capacity as such) hold, directly or indirectly, 75% or more of the shares in the company.
20. A statement that—U.K.
(a)the person has the right to exercise, or actually exercises, significant influence or control over the activities of a firm that, under the law by which it is governed, is not a legal person; and
(b)the members of that firm (in their capacity as such) hold, directly or indirectly, more than 25% but not more than 50% of the voting rights in the company.
21. A statement that—U.K.
(a)the person has the right to exercise, or actually exercises, significant influence or control over the activities of a firm that, under the law by which it is governed, is not a legal person; and
(b)the members of that firm (in their capacity as such) hold, directly or indirectly, more than 50% but less than 75% of the voting rights in the company.
22. A statement that—U.K.
(a)the person has the right to exercise, or actually exercises, significant influence or control over the activities of a firm that, under the law by which it is governed, is not a legal person; and
(b)the members of that firm (in their capacity as such) hold, directly or indirectly, 75% or more of the voting rights in the company.
23. A statement that—U.K.
(a)the person has the right to exercise, or actually exercises, significant influence or control over the activities of a firm that, under the law by which it is governed, is not a legal person; and
(b)the members of that firm (in their capacity as such) hold the right, directly or indirectly, to appoint or remove a majority of the board of directors of the company.
24. A statement that—U.K.
(a)the person has the right to exercise, or actually exercises, significant influence or control over the activities of a firm that, under the law by which it is governed, is not a legal person; and
(b)the members of that firm (in their capacity as such) have the right to exercise, or actually exercise, significant influence or control over the company.
PART 7 U.K.Interpretation of Schedule 2
25. In relation to a company that does not have a share capital, a reference to holding a particular percentage of shares in a company is to holding a right or rights to share in that percentage of capital or, as the case may be, profits of that company.U.K.
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