Glossary

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Term Definition Legal instruments

related parties

29/12/2020

THIS DEFINITION ONLY APPLIES TO THE RELATED PARTY TRANSACTION RISK PART

means in relation to a firm:

(a) any person that it controls;

(b) its affiliated companies;

(c) its and its affiliated companies’ controllers;

(d) its and its affiliated companies’ directors;

(e) its and its affiliated companies’ senior management;

(f) its and its affiliated companies’ key employees;

(g) close family members of any natural person listed in (a) to (f) above;

(h) direct and related interests of any person listed in (a) to (g) above, which includes a commercial entity in which a member of the management body or any of their close family members:

(i) has a qualifying holding of 10% or more of capital or of voting rights;  

(ii) exercises significant influence; 

(iii) holds a senior management position; or 

(iv) is a member of management body; and

(i) any person that would fall into (a) to (h) above after the relevant transaction has occurred.

Additional Notes

[Note: Art. 88(1) of the CRD]