# Finance Act 2000, Paragraph 34

Extent: E+W+S+N.I.

(1) In paragraph 30 (the “no material interest” requirement) “associate”, in relation to an individual, means—
(a) any relative or partner of that individual,
(b) the trustee or trustees of any settlement in relation to which that individual, or any relative of his (living or dead), is or was a settlor, and
(c) where that individual is interested in any shares or obligations of the company which are subject to any trust, or are part of the estate of a deceased person, the trustee or trustees of the settlement concerned or, as the case may be, the personal representatives of the deceased.
(2) In sub-paragraph (1)(a) and (b) “relative” means husband or wife, parent or remoter forebear, or child or remoter issue.
(3) In sub-paragraph (1)(b) “settlor” and “settlement” have the same meaning as in Chapter IA of Part XV of the Taxes Act 1988 (see section 660G(1) and (2)).

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Source: https://www.legislation.gov.uk/ukpga/2000/17/schedule/14/paragraph/34 (the official version)
Page: https://openlegislation.uk/finance-act-2000/schedule-14/paragraph-34
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.