GR-6.2 GR-6.2 Definition of Close Links
GR-6.2.1
A
licensee ('L') has close links with another undertaking ('U'), if:(a) U is aparent undertaking of L;(b) U is asubsidiary undertaking of L;(c) U is asubsidiary undertaking of aparent undertaking of L;(d) U, or any other subsidiary undertaking of its parent, owns or controls 20% or more of the voting rights or capital of L; or(e) L, any of its parent or subsidiary undertakings, or any of the subsidiary undertakings of its parent, owns or controls 20% or more of the voting rights or capital of U.May 2011