{
  "url": "https://openlegislation.uk/economic-crime-transparency-and-enforcement-act-2022/schedule-2/paragraph-9",
  "json_url": "https://openlegislation.uk/economic-crime-transparency-and-enforcement-act-2022/schedule-2/paragraph-9.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/9",
  "kind": "paragraph",
  "number": "9",
  "heading": "Holding an interest in an overseas entity etc",
  "text": "(1) This paragraph specifies the circumstances in which, for the purposes of paragraph 8—\n(a) a person (“V”) is to be regarded as holding an interest in an overseas entity (“entity W”);\n(b) an interest held by V in entity W is to be regarded as held through a legal entity.\n(2) V holds an interest in entity W if—\n(a) V holds, directly or indirectly, shares in entity W,\n(b) V holds, directly or indirectly, voting rights in entity W,\n(c) V holds, directly or indirectly, the right to appoint or remove any member of the board of directors of entity W,\n(d) V has the right to exercise, or actually exercises, significant influence or control over entity W, or\n(e) the following conditions are both satisfied—\n(i) 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 hold an interest in entity W in a way mentioned in any of paragraphs (a) to (d);\n(ii) V has the right to exercise, or actually exercises, significant influence or control over the activities of that trust or entity.\n(3) Where V—\n(a) holds an interest in entity W by virtue of indirectly holding shares or a right, and\n(b) does so by virtue of having a majority stake (see paragraph 18) in—\n(i) a legal entity (“L”) which holds the shares or right directly, or\n(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,\nV holds the interest in entity W through L and, where relevant, through each other legal entity in the chain.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 2 para. 9 not in force at Royal Assent, see s. 69"
    },
    {
      "type": "I",
      "label": "I2",
      "text": "Sch. 2 para. 9 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. 9 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/9",
    "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."
}