Check your settings below and select the cookies you’re happy with.

Strictly Necessary Cookies

These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. These cookies do not store any information which allows us to identify you unless you are logged into your account.

Performance Cookies

These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not know when you have visited our site and will not be able to monitor its performance.

Functional Cookies

These cookies enable the website to provide enhanced functionality and personalisation. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies then some or all of these services may not function properly.

Targeting Cookies

These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. They do not store directly information which allows us to identify you personally but are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less targeted advertising.

Find out more about www.allaboutcookies.org or view our cookie policy.

Skip to main content

Home
FCA Handbook
Glossary
connected person

connected person

(1) (in relation to the282 FCA or PRA's 282 consideration of an application for, or of whether to vary or cancel, a282 Part 4A permission 282 ) (in accordance with section 28255R282 of the Act (Persons connected with an applicant)) any person appearing to the282 regulator concerned282 to be, or likely to be, in a relationship with the applicant or person given permission, which is relevant.

(2) (in relation to the282 FCA or PRA's282 power to gather information under section 165 of the Act (282Regulators'282 power to require information)) (in accordance with section 165(11) of the Act) a person who has, or has at any relevant time had, the following relationship with282 another person282 ("A"):
1. (a) he is a member of A's group;
1. (b) he is a controller of A;
1. (c) he is a member of a partnership of which A is a member;
1. (d) he is or has been an employee of A;
1. (e) if A is a body corporate, he is or has been an officer, or manager or agent of A or of a parent undertaking of A;
1. (f) if A is a partnership, he is or has been a member, manager or agent of A;
1. (g) if A is an unincorporated association of persons which is neither a partnership nor an unincorporated friendly society, he is or has been an officer, manager, or agent of A;
1. (h) if A is a friendly society, he is or has been an officer or manager of A ("officer" and "manager" having the same meaning as in section 119(1) of the Friendly Societies Act 1992);
1. (i) if A is a building society, he is or has been an officer of A ("officer" having the same meaning as in section 119(1) of the Building Societies Act 1986);
1. (j) if A is an individual, he is or has been an agent of A.

(3) (in relation to the282 FCA or PRA's282 powers of investigation under sections 171 and 172 of the Act (Powers of persons appointed under section 167; Additional power of persons appointed as a result of section 168(1) or (4))) (in accordance with section 171(4) of the Act) a person who has, or has at any relevant time had, the following relationship with a person under investigation ("P"):
1. (a) he has the relationship specified in any of paragraphs (2) (a), (b) or (d) to (j) to P (where references in those paragraphs to A are taken to be references to P);
1. (b) it is a partnership of which P is a member;
1. (c) he is the partner, manager, employee, agent, appointed representative, or, where applicable, tied agent,67 banker, auditor, actuary or solicitor of:
  1. (i) P; or
  1. (ii) a parent undertaking of P; or
  1. (iii) a subsidiary undertaking of P; or
  1. (iv) a subsidiary undertaking of a parent undertaking of P; or
  1. (v) a parent undertaking of a subsidiary undertaking of P.3

(4) to follow31

(5) (in DTR and 64 31 LR 3164in relation to a person discharging managerial responsibilities within an issuer) 92has the meaning given to “person closely associated” in article 3(1)(26) of the Market Abuse Regulation194.9292 29
1. 92(a) [deleted]92
1. 92(b) [deleted]92
1. 92(c) [deleted]92