Paragraph 11 Rights treated as held by person who controls their exerciseI1I2C1
United Kingdom
Where a person controls a right, the right is to be treated as held by that person (and not by the person who in fact holds the right, unless that person also controls it).
A person “controls” a right if, by virtue of any arrangement between that person and others, the right is exercisable only—
by that person,
in accordance with that person’s directions or instructions, or
with that person’s consent or concurrence.
Annotations
Modifications
- C1
Sch. 13 Pt. 2 applied (with modifications) (1.7.2025) by The National Security Act 2023 (Foreign Activities and Foreign Influence Registration Scheme: Exemptions for Certain Foreign Power Investment Funds, Education, Government Administration and Public Bodies) Regulations 2025 (S.I. 2025/676), regs. 1(2), 2(11); S.I. 2025/674, reg. 2
Commencement
- I1
Sch. 13 para. 11 not in force at Royal Assent, see 100(1)
- I2
Sch. 13 para. 11 in force at 1.7.2025 by S.I. 2025/674, reg. 2