Part 1: Registration of Overseas Entities Schedule 2: Registrable beneficial owners Part 5: Supplementary provision about interpretation of Schedule Rights to appoint or remove members of the board
Paragraph 16 clarifies that the third condition (in determining beneficial ownership as laid out in Part 2 of Schedule 2) relates to the right to appoint or remove directors holding a majority of the voting rights at board meetings on all or substantially all matters.
	This provision is intended to capture scenarios which would give the holder of the right a level of control over the company broadly equivalent to holding more than 25% of the shares or voting rights.
	If an entity does not have a board of directors, references to a board of directors are to be read as references to the equivalent managing body of the entity.