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FAQ 10.6

Definition of "transaction"

 

​10.6​Are outstanding receivables of a related party deemed to be financial assistance by a listed corporation?

​"Financial assistance" is regarded as a transaction for purposes of Part E of Chapter 10 and is defined to include forgiving a debt or releasing or neglecting to enforce a financial obligation of another. In this regard, outstanding receivables of a related party which are written off or neglected to be enforced would be regarded as a related party transaction.