Member

To my understanding, an owner is defined as an individual or registered society that meets one or more of the conditions in paragraph 2 of Schedule 1. The first of these conditions is that a person has the right to exercise, or actually exercises, significant influence or control over all or part of the club’s activities. Remarkably, there is no requirement on the Secretary of State, who will write the guidance that determines what “significant influence or control” means, to consult anyone on the drafting of that guidance. We can speculate about what the definition might be by looking at other legislation where the same phrase is used, but there is no guarantee that the Secretary of State will follow the same approach on this Bill as has been taken for other legislation. It is not worth relying on the Companies Act guidance because there is no requirement for the Secretary of State to follow that guidance.