Controller

Past version: Effective from 01 Jan 2011 to 31 Dec 2012
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As defined under Paragraph GR-5.2.1, a controller is a natural or legal person who, either alone or with his associates:

(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
(c) Is able to exercise significant influence over the management of L or P.
Amended: January 2011