Schedule 7, Part 2, paragraph 9(1)

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.

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Source: legislation.gov.uk · retrieved 2026-07-30