Part 1: Registration of Overseas Entities Schedule 2: Registrable beneficial owners Part 5: Supplementary provision about interpretation of Schedule Joint arrangements
Shares or rights in a company may also be subject to joint arrangements between persons, where those persons agree to act jointly in respect of the shares or rights in question. Paragraph 12 provides that in such cases, each person is treated for the purpose of Schedule 2 as holding the combined shares or rights of both of them.
	For example, if A and B each hold 20% of the shares in entity Y and have made a joint arrangement, each of them will be a registrable person in respect of Y by virtue of holding 40% of Y’s shares.
	Paragraph 12(2) provides that a "joint arrangement" is an arrangement between the holders of shares or rights that they will exercise all or substantially all their respective rights together, as pre-determined by the arrangement in question.
	An "arrangement" includes:
Any scheme, agreement or understanding, whether or not legally enforceable, an
Any convention, custom or practice of any kind.
	Paragraph 12(4) provides that something does not count as an arrangement unless there is at least some degree of stability about it (whether by its nature or terms, or the time it has been in existence, or otherwise).