Part 1: Digital Markets Chapter 5: Mergers Section 58: Qualifying status
This section sets out the circumstances in which a designated undertaking or larger corporate group will have qualifying status in relation to a UK-connected body corporate or joint venture vehicle.
	Subsection (1) provides that, for the purposes of the first category of reportable event, an event will result in qualifying status if it results in the undertaking or group increasing the percentage of shares or voting rights it holds in a UK-connected body corporate to or beyond any of the thresholds set out in paragraphs (a), (b) and (c).
	Subsection (2) sets out that, for the purposes of the second category of reportable event, the undertaking or group will have qualifying status in relation to a joint venture vehicle if it acquires at least 15% of the shares or voting rights in the vehicle.
	Subsections (3), (4) and (5) set out how the percentage of shares and voting rights held should be calculated, including in relation to bodies corporate that do not have a share capital or that do not have general meetings at which matters are decided by the exercise of voting rights.
	Subsection (6) provides that a person (such as an undertaking or group member) should be treated as acquiring an interest (such as a shareholding) or right (such as voting rights) for the purposes of the duty to report where they come to hold the interest or right by virtue of any of the provisions in Schedule 2. For example, when a shareholding comes to be held jointly with another person or becomes subject to a joint arrangement with another person under which the parties are to exercise the rights granted by their shares in a coordinated way.