Connected fund manager and connected principal trader
For the purpose of Module TMA, a fund manager or principal trader will be connected with an offeror or the offeree company, as the case may be, if the fund manager or principal trader controls, is controlled by, or is under the same control as:
(a) An offeror;
(b) The offeree company;
(c) Any bank or financial or other professional adviser (including a stockbroker) to an offeror or the offeree company; or
(d) An investor in a consortium formed for the purpose of making an offer.
Added: July 2011