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.
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