PRU 4.4.6

For the purposes of the Rules in this Chapter, a Person is a "Related Person" of an Authorised Person if the Person:

(a) is, or was in the past two years:
(i) a member of a Group or Partnership in which the Authorised Person is or was also a member; or
(ii) a Controller of the Authorised Person or a Close Relative of such a Controller;
(b) is, or was in the past two years, a Director, Partner or senior manager of the Authorised Person or an entity referred to under (a)(i) or (ii), or a Close Relative of such a Director, Partner or senior manager; or
(c) is an entity in which a Director, Partner or senior manager of the Authorised Person or an entity referred to in (a)(i) or (a)(ii), or a Close Relative of such a Director, Partner or senior manager has a significant interest by:
(i) holding 20% or more of the Shares of that entity, or a Parent of that entity, if that entity is a company; or
(ii) being entitled to exercise 20% or more of the voting rights in respect of that entity,
except that a Partner is not a Related Person where that Person is a limited Partner of a Limited Partnership formed under the Limited Partnerships Act or any similar limited Partnership constituted under the law of a country or territory outside the ADGM.