OpenLegislation

Paragraph 16 I1

England and Wales

(1)

The Secretary of State may by regulations amend this Schedule for a permitted purpose.

(2)

The permitted purposes are—

(a)

to replace any reference in this Schedule to a percentage figure with a reference to some other (larger or smaller) percentage figure;

(b)

to amend Part 1 of this Schedule so as to include circumstances (for example, circumstances involving more complex structures) that give a person a level of influence or control over a club broadly similar to the level of influence or control given by the conditions in paragraph 2;

(c)

in consequence of any provision made by virtue of paragraph (b), to amend Part 2 of this Schedule so that circumstances specified in that Part in which a person is to be regarded as holding an interest in another person correspond to any of the conditions in paragraph 2, or would do so but for the extent of the interest.

(3)

Before making regulations under this paragraph the Secretary of State must consult the IFR.

Annotations

Commencement

I1

Sch. 1 para. 16 in force at Royal Assent, see s. 100(2)(a)