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HC-2.2.7

For purposes of Paragraph HC-2.2.6, an approved person should be considered to have a "personal interest" in a transaction with a licensee if:

(a) He himself; or
(b) A member of his family (i.e. spouse, father, mother, sons, daughters, brothers or sisters); or
(c) Another licensee of which he is a director or controller,

is a party to the transaction or has a material financial interest in the transaction. (Transactions and interests which are de minimis in value should not be included.)

January 2013