Schedule 6B, Part 2, paragraph 9

A foreign power holds a share “indirectly” if the foreign power has any stake in a person and that person— holds the share in question, or is part of a chain of persons— each of which (other than the last) has any stake in the person immediately below it in the chain, and the last of which holds the share. A foreign power holds a right “indirectly” if the foreign power has any stake in a person and that person— holds that right, or is part of a chain of persons— each of which (other than the last) has any stake in the person immediately below it in the chain, and the last of which holds that right. For the purposes of sub-paragraphs (1) and (2), a person (“A”) has “any stake” in another person (“B”) if— A holds any shares or voting rights in B, A is a member of B and has the right to appoint or remove an officer of B, A is a member of B and controls alone, or pursuant to an agreement with other shareholders or members, any of the voting rights in B, or A has the right or ability to control or influence B to any extent, despite not being within paragraph (a), (b) or (c).

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