(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 4A 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 [S.I. 2001/544 as amended by the Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2002 (S.I. 2002/682).].