PRIV 5.1.1 Who is an Affected Person for a Scheme?

An affected person for a scheme is any of the following:

(a) the operator;
(b) a member (however described) of the governing body of the operator or, for a CIC or CIP, the scheme;
(c) any investment adviser for the scheme;
(d) a person to whom functions of the operator in relation to the scheme are outsourced;
(e) the auditor of the scheme;
(f) any associated person for any person mentioned in paragraphs (a) to (e);
(g) a unitholder with 5% or more in value of all the units then in issue.

Note Governing body, investment adviser, function and associated person are defined in the glossary. CIC and CIP are defined in r 1.2.12 and r 1.2.13 respectively. Outsourcing is defined in r 6.5.1.
Derived from QFCRA RM/2010-06 (as from 1st January 2011)