Paragraph 7 Voting rightsI1I2C1
United Kingdom
A reference to the voting rights in a person is to the rights conferred on shareholders in respect of their shares (or, in the case of a person not having a share capital, on members) to vote at general meetings of the person on all or substantially all matters.
In relation to a person that does not have general meetings at which matters are decided by the exercise of voting rights—
a reference to exercising voting rights in the person is to be read as a reference to exercising rights in relation to the person that are equivalent to those of a person entitled to exercise voting rights in a company;
a reference to exercising more than 25% of the voting rights in the person is to be read as a reference to exercising the rights under the constitution of the person to block changes to the overall policy of the person or to the terms of its constitution.
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. 7 not in force at Royal Assent, see 100(1)
- I2
Sch. 13 para. 7 in force at 1.7.2025 by S.I. 2025/674, reg. 2