10
Closely Related
10.1
In this Part, a group of persons is closely related if it consists solely of two or more persons who, unless it is shown otherwise, constitute a single risk because as between any two of them one or other of the following relationships apply:
- (1) one of them, directly or indirectly, has control over the other or they are both controlled by the same third party; or
- (2) there is no relationship of control but they are to be regarded as constituting a single risk because they are so interconnected that, if one of them were to experience financial problems, the other would be likely to encounter repayment difficulties.
- 01/01/2016