Article 65 Exceptions to obligations of legal entities and legal arrangements

control over the company is exercised exclusively by the natural person with the voting rights;

no other legal entities or legal arrangementsmeans an express trust or an arrangement which has a similar structure or function to an express trust, including fiducie and certain types of Treuhand and fideicomiso; are part of the company’s ownership or control structure; and

for foreign legal entities under Article 67, equivalent requirements to those referred to in subpoints (i) and (ii) of this point exist under international standards;