affiliated person

Affiliated person

An individual who possesses enough influence and control in a corporation as to be able to alter the actions of the corporation.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Control Person

An important person in a corporation. Control persons include senior managers, members of the board of directors, and officers such as the CEO and CFO. Control persons are able to use both their authority and their influence to make decisions on the corporation's activities. A control person is also called an affiliated person.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

affiliated person

A person who is in a position to influence a firm's management decisions. Affiliated persons usually include directors, officers, owners of more than 10% of the firm's outstanding stock, and family members or close associates of these groups. Also called control person.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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Specifically, the regulations prohibit a title insurance agent or company from requiring an affiliated person to refer a specified amount of title business to the title entity.
Further, the tender offer is not conditioned upon any minimum number of shares being tendered but is subject to many other terms and conditions, specified in the Offer to Purchase, including that the US Securities and Exchange Commission (the SEC) shall have granted an exemptive order allowing participation by any of the fund's stockholder who is an "affiliated person" either solely by reason of owning, controlling or holding the power to vote 5% or more of the shares or, because it is a fund managed by one of the fund's external investment advisers.
items in any medium, including a website or catalog; receives a commission, fee, or other consideration from the seller for the listing or advertisement; transfers, via telephone, Internet link, or other means, a purchaser to a seller or an affiliated person to complete the sale; and does not collect receipts from the purchasers for the transaction."
The interpretation of the status of economic dependence is done by fiscal institutions through reference to the status of the affiliated person and not to the name of the subsidiary.
Approximately 137 of the cross-trades were between AINA's registered investment company clients and other AINA clients who were affiliated persons of a RIC or affiliated persons of an affiliated person of a RIC, including insurance companies owned by AINA's parent company, Aviva plc, and pooled vehicles not owned by AINA or its parent.
You would go a great wrong if you accuse [GE-len] as a gang affiliated person without any verdict of conviction by a prosecutor," stated Yylmaz.
Unlike Oklahoma, where nexus may be asserted to the full extent permissible under the US, Constitution, Arkansas chose to assert nexus only where the affiliated person's activities are significantly associated with the seller's ability to establish or maintain a market in the state.
The order also prohibits him from serving or acting as an employee, officer, director, member of an advisory board, investment adviser or depositor of, or principal underwriter for, a registered investment company or affiliated person of such investment adviser, depositor, or principal underwriter.
Each audit committee member must be "independent." Members can't accept fees from the company beyond what they get paid for being a director or a committee member, nor can a member be an "affiliated person" of the company or its subsidiaries.
For purposes of service on the audit committee, a director is deemed independent by Sarbanes-Oxley only if he receives no compensation from the company other than as a director and is not an "affiliated person" of the company or one of its subsidiaries.
The Sarbanes-Oxley Act restricts audit committee membership to persons unaffiliated with the company or its subsidiaries, but the Act fails to define "affiliated person." Boards must look to the exchanges for guidance on unacceptable stock holdings.
The amendment to subsection 69(11) in the last technical bill, however, represented a shift toward the affiliated person standard in this respect.

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