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Close Links

A Person (Person A) has Close Links with a Person (Person B) if:

(a) Person B:
(i) is a Holding Company of Person A;
(ii) is a Subsidiary of Person A;
(iii) is a Holding Company of the Subsidiary of Person A;
(iv) is a Subsidiary of a Holding Company of Person A; or
(v) owns and controls 20% or more of the voting rights or shares of Person A; or
(b) Person A owns and controls 20% or more of the voting rights or shares of Person B.

Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]