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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 12 March 2015 - onwards
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77. Section 75: connected persons

(1) For the purposes of section 75, a person is connected with a director of an ICAV if, but only if, the person (not being a director of the ICAV) is -

(a) the director’s spouse, civil partner within the meaning of the Civil Partnership and Certain Rights and Obligations of Cohabitants Act 2010, parent, brother, sister or child,

(b) a person acting as the trustee of any trust, the principal beneficiaries of which are the director, the director’s spouse or civil partner or any of the director’s children or any body corporate which the director controls, or

(c) in partnership, within the meaning of section 1(1) of the Partnership Act 1890, with the director.

(2) A body corporate shall also be deemed to be connected with a director of an ICAV if it is controlled by that director.

(3) For the purposes of this section, a director of an ICAV shall be deemed to control a body corporate if, but only if, the director is, alone or together with any other director or directors of the ICAV,

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