Assume that you use transaction replication that the Distributor is an instance of Microsoft SQL Server 2012 or SQL Server 2014. The publication of the transactional replication contains any combination of articles that is made up of views, stored procedures, table-valued functions, or scalar functions, and the Copy Permissions article attribute is true. When you apply the snapshot to a new Subscriber, the explicit permissions (GRANT, DENY, REVOKE) on the published articles cannot be replicated to the Subscriber. These permissions are not present in the ".sch" file that is created in the snapshot folder.
The issue was first fixed in the following cumulative update of SQL Server.
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Microsoft has confirmed that this is a problem in the Microsoft products that are listed in the "Applies to" section.
Article ID: 2980208 - Last Review: 21 Oct 2014 - Revision: 1
Microsoft SQL Server 2012 Service Pack 2, Microsoft SQL Server 2012 Enterprise, Microsoft SQL Server 2012 Developer, Microsoft SQL Server 2012 Standard, Microsoft SQL Server 2014 Developer, Microsoft SQL Server 2014 Developer, Microsoft SQL Server 2014 Enterprise, Microsoft SQL Server 2014 Enterprise, Microsoft SQL Server 2014 Standard, Microsoft SQL Server 2014 Standard