{
  "url": "https://openlegislation.uk/scotland-act-1998-transitory-and-transitional-provisions-members-interests-order-1999/schedule/paragraph-9",
  "json_url": "https://openlegislation.uk/scotland-act-1998-transitory-and-transitional-provisions-members-interests-order-1999/schedule/paragraph-9.json",
  "legislation": "uksi/1999/1350",
  "legislation_title": "The Scotland Act 1998 (Transitory and Transitional Provisions) (Members' Interests) Order 1999",
  "legislation_url": "https://openlegislation.uk/scotland-act-1998-transitory-and-transitional-provisions-members-interests-order-1999",
  "path": "schedule/paragraph/9",
  "kind": "paragraph",
  "number": "9",
  "heading": "Interest in shares",
  "text": "(1) Where a member or his spouse or cohabitee has an interest in shares comprised in the share capital of a company or other body, whether that interest is held by the member, his spouse or cohabitee or by a relevant person, and the nominal value of the shares at the relevant date is–\n(a) greater than 1% of the issued share capital of the company or other body; or\n(b) greater than £25,000.\n(2) Where a member or his spouse or cohabitee has an interest in shares comprised in the share capital of a company or other body at the date on which he was returned as a member, the relevant date is–\n(a) that date; and\n(b) the 5th April immediately following that date and in each succeeding year, where he retains the interest on that 5th April.\n(3) Where a member acquires an interest in shares after the date on which he was returned as a member, the relevant date is–\n(a) the date on which he acquired the interest in shares; and\n(b) the 5th April immediately following that date and in each succeeding year, where he retains the interest on that 5th April.\n(4) For the purposes of this paragraph, a “relevant person” is a person who is subject to the control or direction of a member in respect of an interest in shares.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1999/1350/schedule/paragraph/9",
    "retrieved_at": "2026-10-29T10:48:25.187868+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."
}