doc__table__968

| 11 | In the context of this standard, the following are not necessarily related parties: (a) two entities simply because they have a director or other member of key management personnel in common, notwithstanding (d) and (f) in the definition of ‘related party’; (b) two venturers simply because they share joint control over a joint venture; (c) (i) providers of finance; (ii) trade unions; (iii) public utilities; and (iv) government departments and agencies; simply by virtue of their normal dealings with an entity (even though they may affect the freedom of action of an entity or participate in its decision-making process); (d) a customer, supplier, franchisor, distributor or general agent with whom an entity transacts a significant volume of business, merely by virtue of the resulting economic dependence.

← doc__table__967 · All articles · DISCLOSURE →

Source: EUR-Lex (Cellar) · retrieved 2026-11-08 · Text as adopted (Official Journal); later amendments are not incorporated in this text.