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GR-6.2.1

Past version: Effective from 01 Jul 2007 to 30 Sep 2007
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An insurance licensee ('A') has close links with another undertaking ('C'), if:

(a) C is a parent undertaking of A;
(b) C is a subsidiary of A;
(c) C is a parent undertaking of a subsidiary of A;
(d) C is a subsidiary of a parent undertaking of A;
(e) C owns or controls 20% or more of the voting rights or capital of A; or
(f) A, any of its parent or subsidiaries, or any of the subsidiaries of its parent, owns or controls 20% or more of the voting rights or capital of C.
Amended: July 2007