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Version date: 3 July 2016 - onwards
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Schedule 11B, Part 1 Meaning of "Connected Person" (paras. 1-6)

Omitted from 3 July 2016

Section 96B(2)

Introduction

1.

(1) In this Schedule "manager" means a person discharging managerial responsibilities within an issuer.

(2) This Schedule defines what is meant by references in the provisions of this Part relating to disclosure rules to a person being "connected" with a manager (or a manager being "connected" with a person).

Meaning of "connected person"

2.

(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 pensio

Comparing proposed amendment...