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associate

Rule 1.01 ​
​associate​in relation to a director, shareholder, substantial shareholder of an applicant or a listed corporation (individually and collectively referred to as “Associated Party”) means a person who falls under any one of the following categories:
​(i)​a family member of the Associated Party;
​(ii)​a trustee of a trust (other than a trustee for a share scheme for employees or pension scheme) under which the Associated Party or a family member of the Associated Party is the sole beneficiary;
​(iii)​a person who is accustomed or under an obligation, whether formal or informal, to act in accordance with the directions, instructions or wishes of the Associated Party;
​(iv)​a person in accordance with whose directions, instructions or wishes the Associated Party is accustomed or is under an obligation, whether formal or informal, to act;
​(v)​a body corporate or its directors which/who is/are accustomed or under an obligation, whether formal or informal, to act in accordance with the directions, instructions or wishes of the Associated Party;
​(vi)​a body corporate or its directors whose directions, instructions, or wishes of which, the Associated Party is accustomed or under an obligation, whether formal or informal to act;
​(vii)​a body corporate in which the director, shareholder or a family member of the Associated Party is entitled to exercise, or control the exercise of, not less than 15% of the votes attached to voting shares in the body corporate; or
​(viii)​a body corporate which is a related corporation.