Paragraph 9 C1 F1

(1)

This paragraph applies where V—

(a)

holds an interest in company W by virtue of indirectly holding shares or a right, and

(b)

does so by virtue of having a majority stake (see paragraph 18) in—

(i)

a legal entity (“L”) which holds the shares or right directly, or

(ii)

a legal entity that is part of a chain of legal entities such as is described in paragraph 18(1)(b) or (2)(b) that includes L.

(2)

Where this paragraph applies, V holds the interest in company W—

(a)

through L, and

(b)

through each other legal entity in the chain mentioned in sub-paragraph (1)(b)(ii).

Annotations

F1: Schs. 1A, 1B inserted (26.5.2015 for specified purposes, 6.4.2016 in so far as not already in force) by Small Business, Enterprise and Employment Act 2015 (c. 26), s. 164(1), Sch. 3 para. 2; S.I. 2015/1329, reg. 3(a); S.I. 2015/2029, reg. 4(a)

C1: Sch. 1A paras. 1-24 applied (with modifications) by S.I. 2009/1804 reg. 31M (as inserted (6.4.2016) by The Limited Liability Partnerships (Register of People with Significant Control) Regulations 2016 (S.I. 2016/340), regs. 1(3), 3, Sch. 1)

C1: Sch. 1A applied (with modifications) by S.I. 2009/2436, Sch. 1 para. 20A (as inserted (26.6.2017) by The Information about People with Significant Control (Amendment) Regulations 2017 (S.I. 2017/693), regs. 2, 36 (with Sch. Pt. 3))