Parent Entity

An Entity which, with respect to another Entity:

(A) holds a majority of the voting rights in that other Entity;
(B) is a member of that other Entity (whether direct or indirect, or through legal or beneficial entitlement) and has the right to appoint or remove a majority of the board of directors of that other Entity;
(C) has the right to exercise a dominant influence over the management and operation of that other Entity through:
(i) provisions contained in the constitutive documents of that other Entity, or
(ii) any contractual arrangement relating to the management and operation of that other Entity,
(D) is a member of that other Entity (whether direct or indirect, or through legal or beneficial entitlement) and alone, or together with one or more Associate(s) holds a majority of the voting rights in that other Entity;

or is a Parent Entity of any Entity which is a Parent Entity of that other Entity.

Derived from QFCRA RM07/2005 (as from 13th October 2005).