[F19(1)This paragraph applies where V—U.K.
(a)holds an interest in company W by virtue of indirectly holding shares or a right, and
(b)does so by virtue of having a majority stake (see paragraph 18) in—
(i)a legal entity (“L”) which holds the shares or right directly, or
(ii)a legal entity that is part of a chain of legal entities such as is described in paragraph 18(1)(b) or (2)(b) that includes L.
(2)Where this paragraph applies, V holds the interest in company W—
(a)through L, and
(b)through each other legal entity in the chain mentioned in sub-paragraph (1)(b)(ii).]
Textual Amendments
F1Schs. 1A, 1B inserted (26.5.2015 for specified purposes, 6.4.2016 in so far as not already in force) by Small Business, Enterprise and Employment Act 2015 (c. 26), s. 164(1), Sch. 3 para. 2; S.I. 2015/1329, reg. 3(a); S.I. 2015/2029, reg. 4(a)
Modifications etc. (not altering text)
C1Sch. 1A paras. 1-24 applied (with modifications) by S.I. 2009/1804 reg. 31M (as inserted (6.4.2016) by The Limited Liability Partnerships (Register of People with Significant Control) Regulations 2016 (S.I. 2016/340), regs. 1(3), 3, Sch. 1)