Connected personU.K.
5.—(1) In these Regulations “connected person” in relation to an issuer means a person which—
(a)is—
(i)a parent undertaking of the issuer;
(ii)a subsidiary undertaking of the issuer; or
(iii)a subsidiary undertaking of a parent undertaking of the issuer;
(b)has its registered office in the United Kingdom; and
(c)either—
(i)has its centre of main interests in the United Kingdom; or
(ii)is authorised under Part 4 of the Act (permission to carry on regulated activities) to carry on the regulated activity referred to in article 5 (accepting deposits) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 M1.
(2) In paragraph (1) “parent undertaking” and “subsidiary undertaking” have the meanings given by section 1162 of the 2006 Act (parent and subsidiary undertakings).
Marginal Citations