Part 1: Registration of Overseas Entities Schedule 2: Registrable beneficial owners Part 5: Supplementary provision about interpretation of Schedule Rights attached to shares held by way of security
Where shares are provided by a person as security, the rights attached to those shares are to be treated in Schedule 2 as belonging to that person (paragraph 22). This is provided that the rights are only exercisable in accordance with that person’s instructions and in that person’s interests (with the exception of the right to preserve or realise the value of the security).