All provisions · Beneficial Ownership Regulations 2020 · Determination of beneficial owners

r.5 Derechos de voto

(1) A los efectos de este reglamento, los derechos de voto se refieren a los derechos conferidos a los accionistas respecto de sus acciones o, en el caso de una persona jurídica que no tenga capital social, a los miembros o directivos, para votar en las asambleas generales de la persona jurídica o estructura jurídica sobre todos o sustancialmente todos los asuntos.
(2) En relación con una persona jurídica o estructura jurídica que no celebre asambleas generales en las que los asuntos se decidan mediante el ejercicio de derechos de voto —
(a) ejercer derechos de voto significa ejercer, respecto de una o varias personas, derechos equivalentes a los de una persona facultada para ejercer derechos de voto en una sociedad; y
(b) ejercer el diez por ciento o más de los derechos de voto en la persona jurídica o estructura jurídica significa ejercer el derecho conferido por el documento constitutivo de la persona jurídica o estructura jurídica para efectuar cambios en la política general de la persona jurídica o estructura jurídica.

Translation for information only. Only the English original is legally binding.

Original wording (English, legally binding): Voting rights
(1) For the purposes of these regulations, voting rights refers to the rights conferred on shareholders in respect of their shares or, in the case of a legal person not having a share capital, on members or officers, to vote at general meetings of the legal person or legal arrangement on all or substantially all matters.
(2) In relation to a legal person or legal arrangement that does not have general meetings at which matters are decided by the exercise of voting rights —
(a) exercising voting rights means to exercise rights in relation to a person or persons that are equivalent to those of a person entitled to exercise voting rights in a company; and
(b) exercising ten percent or more of the voting rights in the legal person or legal arrangement means to exercise the right under the constitutional document of the legal person or legal arrangement to effect changes to the overall policy of the legal person or legal arrangement.

Official source: Beneficial Ownership Regulations, 2020 (S.I. 107 of 2020), Consolidated by us with S.I. 32 of 2023 and S.I. 64 of 2025; S.I. 7 of 2025 made but not yet in force

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