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connected client

    (in LR) in relation to a sponsor or securities house, any client of the sponsor or securities house who is:

      1. (a) a partner, director, employee or controller (as defined in section 422 of the Act ) of the sponsor or securities house or of an undertaking described in paragraph (d); or
      1. (b) the spouse,33 civil partner or child of any individual described in paragraph (a); or
      1. (c) a person in his capacity as a trustee of a private trust (other than a pension scheme or an employees' share scheme) the beneficiaries of which include any person described in paragraph (a) or (b); or
      1. (d) an undertaking which in relation to the sponsor or securities house is a group undertaking.31