{
  "url": "https://openlegislation.uk/licensed-legal-services-interests-in-licensed-providers-scotland-regulations-2012/regulation-6",
  "json_url": "https://openlegislation.uk/licensed-legal-services-interests-in-licensed-providers-scotland-regulations-2012/regulation-6.json",
  "legislation": "ssi/2012/154",
  "legislation_title": "The Licensed Legal Services (Interests in Licensed Providers) (Scotland) Regulations 2012",
  "legislation_url": "https://openlegislation.uk/licensed-legal-services-interests-in-licensed-providers-scotland-regulations-2012",
  "path": "regulation/6",
  "kind": "regulation",
  "number": "6",
  "heading": "Associates",
  "text": "(1) For the purposes of regulation 5, a person mentioned in paragraphs (2) or (3) is an associate of an investor.\n(2) In relation to an individual, the persons are—\n(a) the spouse or civil partner of the individual;\n(b) a child or stepchild, if under 18, of the individual;\n(c) the trustee of any settlement under which the individual has a life interest (in England and Wales a life interest in possession); and\n(d) any entity of which the individual is a member and any subsidiary undertaking of that entity.\n(3) In relation to an entity, the persons are—\n(a) any member of the entity; and\n(b) any parent undertaking or subsidiary undertaking of that entity.\n(4) In paragraphs (2) and (3)—\n(a) the references to “member” are to be construed as—\n(i) in relation to a company, a holder of shares in the company;\n(ii) in relation to a limited liability partnership, a member;\n(iii) in relation to a partnership, a partner; and\n(iv) in relation to any other body or association, a member of that body or association;\n(b) “parent undertaking” and “subsidiary undertaking” have the meanings given to them in the Financial Services and Markets Act 2000; and\n(c) “settlement” means any disposition or arrangement under which property is held on trust or subject to an equivalent obligation.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "2000 c.8. See section 420."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ssi/2012/154/regulation/6",
    "retrieved_at": "2026-10-28T21:44:09.957058+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}