Commentary on Sections Schedule 3: Register of people with significant control Schedule 1A: References to people with significant control over a company Shares held by nominees
519.Paragraph 19 provides that where a share is held by a nominee on behalf of a person, the share is treated as held by that person for the purpose of this Schedule. This means that person – and not the nominee – will be entered in the PSC register where the relevant specified condition is met by the nominee.