OpenLegislation

Paragraph 12 Rights treated as held by person who controls their exerciseI1I2C1

United Kingdom

(1)

For the purposes of this Schedule, “arrangement” includes—

(a)

any scheme, agreement or understanding, whether or not it is legally enforceable, and

(b)

any convention, custom or practice of any kind.

(2)

But something does not count as an arrangement unless there is at least some degree of stability about it (whether by its nature or terms, the time it has been in existence or otherwise).

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. 12 not in force at Royal Assent, see 100(1)

I2

Sch. 13 para. 12 in force at 1.7.2025 by S.I. 2025/674, reg. 2