Meaning of substantial interest
602A Meaning of substantial interest
A reference in this Chapter to a substantial interest in a company, listed body (other than a notified foreign passport fund) or listed registered scheme is not to be read as being limited to an interest that is constituted by one or more of the following:
a relevant interest in securities in the company, body or scheme;
a legal or equitable interest in securities in the company, body or scheme;
a power or right in relation to:
the company, body or scheme; or
securities in the company, body or scheme.
A person does not have a substantial interest in the company, body or scheme for the purposes of this Chapter merely because the person has an interest in, or a relationship with, the company, body or scheme of a kind prescribed by the regulations for the purposes of this subsection.
The regulations may provide that an interest of a particular kind is an interest that may constitute a substantial interest in a company, listed body (other than a notified foreign passport fund) or listed registered scheme for the purposes of this Chapter.
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