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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 June 2015 - onwards
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311. Credit Institutions: disclosures by holding company of aggregate amounts in respect of connected persons

(1) In this section -

 "financial period" means the financial year to which the financial statements concerned relate;

 "relevant persons" means persons who, at any time during the financial year to which the financial statements concerned relate, were connected with a director of the company or the institution referred to in subsection (2);

 "relevant transaction, arrangement or agreement" shall be read in accordance with subsection (3);

 "transactions, arrangements or agreements" means any of the following classes of transactions, arrangements or agreements:

(a) loans, quasi-loans or credit transactions entered into with or for relevant persons;

(b) agreements to enter into any loans, quasi-loans or credit transactions with or for relevant persons;

(c) guarantees entered into or security provided on behalf of relevant persons in connection with a loan, quasi-loan or credit transaction entered into with or for such persons;

(d) agreements to enter into guarantees or provide any s

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