300. Meaning of "Associate"
(1) For the purposes of these Regulations an "Associate" of another person is to be determined in accordance with this paragraph and any provision that a person is an Associate of another person is to be taken to mean that they are Associates of each other.
(2) A person is an Associate of an individual if that person is —
(a) the individual's spouse (including former spouse);
(b) a relative of the individual or the individual's spouse (including former spouse); or
(c) the spouse (including former spouse) of a relative of the individual or the individual's spouse (including former spouse).
(3) A person is an Associate of any person whom he employs or by whom he is employed.
(4) A person in his capacity as trustee of a trust other than a pension scheme or an employees' share scheme is an Associate of another person if the beneficiaries of the trust include, or the terms of the trust confer a power that may be exercised for the benefit of, that other person or an Associate of that other person.
(5) A Company is an Associate of another Company if —
(a) the same person has control of both;
(b) a person has control of one and persons who are his Associates have control of the other (or collectively they have control); or
(c) a group of two or more persons has control of each Company, and the groups either —
(i) consist of the same persons; or
(ii) could be regarded as consisting of the same persons by treating (in one or more cases) a member of either group as replaced by a person of whom he is an Associate.
(6) A Company is an Associate of another person if that person has control of it or if that person and persons who are his Associates together have control of it.
(7) In this paragraph a person is a relative of an individual if he is that individual's brother, sister, uncle, aunt, nephew, niece, lineal ancestor or lineal descendant, treating any relationship of the half blood as a relationship of the whole blood and the stepchild or adopted child of any person as his child.
(8) In this paragraph any Director or other officer of a Company is to be treated as employed by that Company.
(9) In this paragraph a person is to be taken as having control of a company if —
(a) the Directors of the Company or of another Company which has control of it (or any of them) are accustomed to act in accordance with his directions or instructions; or
(b) he is entitled to exercise, or control the exercise of more than 50% of the voting power at any general meeting of the Company or of another Company which has control of it;
and where two or more persons together satisfy either of the above conditions, they are to be taken as having control of the Company.