Controller

Past version: Effective from 01 Oct 2010 to 31 Dec 2010
To view other versions open the versions tab on the right

A controller is a natural or legal person who:

a) Holds 10% or more of the shares in the licensee ("L"), or is able to exercise (or control the exercise) of more than 10% of the voting power in L; or
b) Holds 10% or more of the shares in a parent undertaking ("P") of L, or is able to exercise (or control the exercise) of more than 10% of the voting power in P; or

Is able to exercise significant influence over the management of L or P.