Associate

In relation to a Person holding shares in an Authorised Firm or a Parent Entity of an Authorised Firm, or entitled to exercise or control the exercise of voting power in an Authorised Firm or a Parent Entity of an Authorised Firm:

(A) the spouse of that Person;
(B) a child or stepchild of that Person;
(C) the trustee of any settlement (including any disposition or arrangement under which property is held on trust (or subject to a comparable obligation) under which that Person has a life interest in possession);
(D) an Entity of which that Person is a director;
(E) an Entity in the same Group as that Person;
(F) a Person who is an employee or partner of that Person;
(G) if that Person is an Entity:
(i) a director of that Person;
(ii) a Subsidiary of that Person;
(iii) a director or employee of such Subsidiary; or
(H) if that Person has with any other Person an agreement or arrangement with respect to the acquisition, holding or disposal of shares or other interests in the Authorised Firm or a Parent Entity of the Authorised Firm or under which they undertake to act together in exercising their voting power in relation to the Authorised Firm or a Parent Entity of an Authorised Firm (other than where the only such agreement or arrangement to which they are party forms part of the constitutional documents of the Authorised Firm or, as the case may be, the Parent Entity).
Derived from QFCRA RM07/2005 (as from 13th October 2005).