It isn’t called that much in today’s EPL, but it should be. The fact is, when you use your ARMS or HANDS to deliberately impede the player, it is not just “incidental” contact or the kind of normal contact that happens in a sport like football. You don’t want to take out contact (you can’t), but you want to limit the amount of “little advantages” players try to get with tugs, pulls, arm bars, hands, etc. because it just worsens the game. If you want fast-paced and thrilling football, don’t bog it down with niggly holding and arm/hand play. Having said all that, the Sanchez on Sanchez foul was a tight one even under my interpretation.
In hockey, they had the same issue for a while - was getting to the point where it wasn’t fun to watch because people would hold, grab, impede with their arms/sticks, etc - they have cracked down somewhat and the game is more open and fun to watch.