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GR-6.2.1

An investment firm licenseeG ('L') has close links with another undertaking ('U'), if:

(a) U is a parent undertakingG of L;
(b) U is a subsidiary undertakingG of L;
(c) U is a subsidiary undertakingG of a parent undertakingG of L;
(d) U, or any other subsidiary undertaking of its parent, owns or controls 20% or more of the voting rights or capital of L; or
(e) L, any of its parent or subsidiary undertakings, or any of the subsidiary undertakings of its parent, owns or controls 20% or more of the voting rights or capital of U.
Amended: July 2007
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Up to Jun 30 2007Jul 1 2007 onwards
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