SCHEDULES
F1SCHEDULE 11BCONNECTED PERSONS
PART 1MEANING OF “CONNECTED PERSON”
2Meaning of “connected person”
1
The following persons (and only those persons) are connected with a manager—
a
members of the manager's family (see paragraph 3);
b
a body corporate with which the manager is associated (as defined in paragraph 4);
c
a person acting in his capacity as trustee of a trust—
i
the beneficiaries of which include the manager or a person who by virtue of paragraph (a) or (b) is connected with him, or
ii
the terms of which confer a power on the trustees that may be exercised for the benefit of the manager or any such person,
other than a trust for the purposes of an employees' share scheme or a pension scheme;
d
a person acting in his capacity as partner—
i
of the manager, or
ii
of a person who, by virtue of paragraph (a), (b) or (c), is connected with that manager;
e
a firm that is a legal person under the law by which it is governed and in which—
i
the manager is a partner,
ii
a partner is a person who, by virtue of paragraph (a), (b) or (c) is connected with the manager, or
iii
a partner is a firm in which the manager is a partner or in which there is a partner who, by virtue of paragraph (a), (b) or (c), is connected with the director.
2
References to a person connected with a manager do not include a person who is also a manager of the issuer in question.
Sch. 11B inserted (1.10.2009) by The Financial Services and Markets Act 2000 (Amendment) Regulations 2009 (S.I. 2009/2461), reg. 2(2)(3), Sch. (this amendment supersedes the amendment in para. 181(2) of Sch. 1 to the Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941))