{
  "url": "https://openlegislation.uk/economic-crime-transparency-and-enforcement-act-2022/schedule-2/paragraph-6",
  "json_url": "https://openlegislation.uk/economic-crime-transparency-and-enforcement-act-2022/schedule-2/paragraph-6.json",
  "legislation": "ukpga/2022/10",
  "legislation_title": "Economic Crime (Transparency and Enforcement) Act 2022",
  "legislation_url": "https://openlegislation.uk/economic-crime-transparency-and-enforcement-act-2022",
  "path": "schedule/2/paragraph/6",
  "kind": "paragraph",
  "number": "6",
  "heading": "Beneficial owners",
  "text": "A person (“X”) is a “beneficial owner” of an overseas entity or other legal entity (“Y”) if one or more of the following conditions are met.\nOwnership of shares\nCondition 1 is that X holds, directly or indirectly, more than 25% of the shares in Y.\nVoting rights\nCondition 2 is that X holds, directly or indirectly, more than 25% of the voting rights in Y.\nRight to appoint or remove directors\nCondition 3 is that X holds the right, directly or indirectly, to appoint or remove a majority of the board of directors of Y.\nSignificant influence or control\nCondition 4 is that X has the right to exercise, or actually exercises, significant influence or control over Y.\nTrusts, partnerships, etc\nCondition 5 is that—\n(a)the trustees of a trust, or the members of a partnership, unincorporated association or other entity, that is not a legal person under the law by which it is governed meet any of the conditions specified above (in their capacity as such) in relation to Y, and\n(b)X has the right to exercise, or actually exercises, significant influence or control over the activities of that trust or entity.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 2 para. 6 not in force at Royal Assent, see s. 69"
    },
    {
      "type": "I",
      "label": "I2",
      "text": "Sch. 2 para. 6 in force at 1.8.2022 (except in so far as relating to ss. 7–11 of the Act) by S.I. 2022/876, reg. 3(b)"
    },
    {
      "type": "I",
      "label": "I3",
      "text": "Sch. 2 para. 6 in force in so far as not already in force at 12.10.2022 by S.I. 2022/1039, reg. 2(b)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2022/10/schedule/2/paragraph/6",
    "retrieved_at": "2026-10-29T08:57:22.170731+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}