Schedule 6B, Part 1A, paragraph 2D

A foreign power is not able to control or influence the policy of a newspaper owner by virtue of the shares condition or the voting rights condition where— the foreign power holds shares or, as the case may be, voting rights in the newspaper owner as a result of those shares or voting rights being held by a person who is associated with the foreign power by virtue of being within section 127(4)(a), (b) or (c) (relatives, trustees etc), and the person within section 127(4)(a), (b) or (c) holds no more than 0.1% of the shares or, as the case may be, the voting rights in the newspaper owner. A foreign power is not able to control or influence the policy of a newspaper owner by virtue of the shares condition where— the foreign power holds shares in the newspaper owner as a result of those shares being held by a person who is associated with the foreign power by virtue of being within section 127(4)(a), (b) or (c), and the person within section 127(4)(a), (b) or (c) holds those shares via an investment fund which meets the genuine diversity of ownership condition. For the purposes of sub-paragraph (2)(b)— “investment fund” means— an investment fund within the meaning given by section 236(1) of the Finance (No. 2) Act 2023 (investment funds and investment entities), arrangements that amount to a collective investment scheme (see section 235 of the Financial Services and Markets Act 2000), or a collective investment undertaking within the meaning of regulation 3 of the Alternative Investment Fund Managers Regulations 2013 (S.I. 2013/1773), and an investment fund meets the genuine diversity of ownership condition where— it meets conditions A to C in regulation 75 of the Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001) (read with regulation 76 of those Regulations), or paragraph (5) of that regulation applies to it.

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Source: legislation.gov.uk · retrieved 2026-09-04