Section 1260

In this Part “associate”, in relation to a person, is to be construed as follows. In relation to an individual, “associate” means— that individual's spouse, civil partner or minor child or step-child, any body corporate of which that individual is a director, and any employee or partner of that individual. In relation to a body corporate, “associate” means— any body corporate of which that body is a director, any body corporate in the same group as that body, and any employee or partner of that body or of any body corporate in the same group. In relation to a partnership constituted under the law of Scotland, or any other country or territory in which a partnership is a legal person, “associate” means— any body corporate of which that partnership is a director, any employee of or partner in that partnership, and any person who is an associate of a partner in that partnership. In relation to a partnership constituted under the law of England and Wales or Northern Ireland, or the law of any other country or territory in which a partnership is not a legal person, “associate” means any person who is an associate of any of the partners. In subsections (2)(b), (3)(a) and (4)(a), in the case of a body corporate which is a limited liability partnership, “director” is to be read as “member”.

← 4 · All articles · 1 →

Source: legislation.gov.uk · retrieved 2026-09-04