MKT 7.3.2

(1) For the purposes of section 76 of the FSMR, a Person is hereby prescribed as a Connected Person of a Reporting Entity if that Person:
(a) is a Director or an individual involved in the Senior Management of either:
(i) the Reporting Entity; or
(ii) a Controller of the Reporting Entity; or
(b) owns, whether legally or beneficially, or controls, whether directly or indirectly, voting Securities carrying more than 5% of the voting rights attaching to all the voting Securities of either:
(i) the Reporting Entity; or
(ii) a Controller of the Reporting Entity.
(2) In (1), a Person is a Controller of a Reporting Entity if that Person (the first person), either alone or with his Associates, controls the majority of the voting rights in, or the right to appoint or remove the majority of the Board of, the Reporting Entity or any Person who has similar control over the first person, including an ultimate Controller of the first person.
(3) For the purposes of determining whether a Person:
(a) owns or controls voting Securities in (1)(b); or
(b) controls the voting rights in or the right to appoint or remove the majority of the Board of a Reporting Entity or a Controller of a Reporting Entity in (2),
any Securities held by that Person and his Associates, including those in which that Person or an Associate of that Person has a beneficial interest, are deemed as his Securities except as specified in (3).
(4) For the purposes of (3), Securities are not deemed as his Securities where:
(a) any such Securities are held by that Person on behalf of another Person who is not an Associate of that Person; and
(b) the Person does not have control over the voting rights attaching to the Securities because some other Person exercises those rights or manages those Securities on a discretionary basis.
(5) A Person is not a Connected Person of a Reporting Entity merely by reason that:
(a) its Structured Products are admitted to trading on a Recognised Body; or
(b) such Person:
(i) owns or holds voting Securities solely in its capacity as trustee, nominee or custodian under an agreement to hold such Securities; and
(ii) does not exercise any voting or other rights associated with the Securities except in accordance with the express instructions of the owner of the Securities or in accordance with the agreement in (i).