As regards those undertakings mentioned under I-2 of the Nomenclature which have the status of companies limited by shares, there is participation in the nature of direct investment where the block of shares held by a natural person of another undertaking or any other holder enables the shareholder, either pursuant to the provisions of national laws relating to companies limited by shares or otherwise, to participate effectively in the management of the company or in its control.
Kar zadeva podjetja, navedena pod I-2 nomenklature, ki imajo status delniških družb, ima udeležba naravo neposredne naložbe, kadar paket delnic fizične osebe drugega podjetja ali katerega koli drugega imetnika, omogoča delničarju, bodisi na podlagi določb nacionalne zakonodaje, ki se nanaša na delniške družbe, bodisi drugače, da učinkovito sodeluje pri upravljanju družbe ali njenem nadzoru.