Part 1: Digital Markets Chapter 5: Mergers Schedule 2: Mergers: Holding of Interests and Rights
In conjunction with sections 61(3) and 58(6) respectively, Schedule 2 sets out further circumstances in which interests (such as shareholdings) and rights (such as voting rights) are deemed to be held or acquired for the purposes of the duty to report, and therefore provides for further ways in which reportable events may take place.
	Paragraph 1 provides that jointly held interests or rights are treated as held by each person that holds them.
	Paragraph 2 provides that parties acting through joint arrangements are treated as holding the collective interests and rights that each party to that arrangement holds individually.
	Paragraph 3 provides that where an interest is held by a nominee on behalf of another person, the interest is treated as held by that person. For example, where the legal owner of shares in a company (the person in whose name the shares are registered) holds the shares on behalf of the beneficial owner (the actual owner) under a declaration of trust, the shares are treated as held by the beneficial owner.
	Paragraph 4 provides that a person who controls a right is deemed to hold that right. This means that the controller of the right - and not the holder unless they are also a controller - will be considered to hold the right. Paragraph 4(2) sets out that control can be held through an arrangement between a person and others (see paragraph 7, Schedule 2).
	Paragraphs 5 and 6 provide for rights that are exercisable only in certain circumstances and rights attached to shares held by way of security respectively and replicate corresponding provisions in Schedule 1A to the Companies Act 2006.
	Paragraph 7 defines an arrangement for the purposes of this Schedule in broad terms. In particular, an arrangement need not be legally enforceable but there must be a degree of stability about it.