Section 345

This section defines “associate” for the purposes of section 344 (independence requirement). In relation to an individual, “associate” means— that individual's spouse or 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 that is a legal person under the law by which it is governed, “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 that is not a legal person under the law by which it is governed, “associate” means any person who is an associate of any of the partners. In this section, in relation to a limited liability partnership, for “director” read “member”.

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