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.
