Part 1: Registration of Overseas Entities Schedule 2: Registrable beneficial owners Part 5: Supplementary provision about interpretation of Schedule Joint interests
Shares or rights in an entity may be held jointly. For example, in the case of a partnership, the partners may hold the shares jointly and indivisibly as might, in the case of a trust, the trustees of the trust. In such cases each person is treated for the purposes of Schedule 2 as holding the shares or rights in their own right (paragraph 11).
	For example, if A and B have a joint interest in 26% of the shares in entity Y, each of them will be a registrable person in respect of Y by virtue of each holding 26% of Y’s shares.