Paragraph 13 Independent agents

United Kingdom

(1)

Section 1142 (agent of independent status) is amended as follows.

(2)

“(1A)
A person is not to be regarded for the purposes of subsection (1) as an agent of independent status in relation to a company where the person—
(a)
is closely related to the company, and
(b)
acts exclusively or almost exclusively on behalf of—
(i)
the company, or
(ii)
the company and other companies to which the person is closely related.
(1B)
In subsection (1A), “closely related” has the meaning that it has in section 1143 (see subsection (2CA) of that section).”

(3)

In subsection (2)—

(a)

for “apply for the purpose of supplementing subsection (1)” substitute “modify the application of this section”;

(b)

at the end of paragraph (a) insert “or”;

(c)

omit paragraph (c) (and the “or” at the end of paragraph (b)).