Financial Services and Markets Act 2000

Right to exercise or control exercise of rights U.K.

[F1 10 (1)  A person who, not being the registered holder, is entitled—

(a) to exercise any right conferred by the holding of the shares, or

(b) to control the exercise of any such right.

is taken to have an interest in the shares.

(2) For this purpose a person is taken to be entitled to exercise or control the exercise of a right conferred by the holding of shares who—

(a) has a right (whether subject to conditions or not) the exercise of which would make the person so entitled, or

(b) is under an obligation (whether or not so subject) the fulfilment of which would make the person so entitled.

(3) A person who—

(a) has been appointed a proxy to exercise any of the rights attached to the shares, or

(b) has been appointed by a body corporate to act as its representative at any meeting of a company or of any class of its members,

is not, by reason only of that fact, to be taken by virtue of this paragraph to be interested in the shares.]

Textual Amendments

F1 Sch. 11B inserted (1.10.2009) by The Financial Services and Markets Act 2000 (Amendment) Regulations 2009 (S.I. 2009/2461), reg. 2(2)(3), Sch. (this amendment supersedes the amendment in para. 181(2) of Sch. 1 to the Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941))