# The Regulated Covered Bonds Regulations 2008, Regulation 5: Connected person


(1) In these Regulations “connected person” in relation to an issuer means a person which—
(a) is—
(i) a parent undertaking of the issuer;
(ii) a subsidiary undertaking of the issuer; or
(iii) a subsidiary undertaking of a parent undertaking of the issuer;
(b) has its registered office in the United Kingdom; and
(c) either—
(i) has its centre of main interests in the United Kingdom; or
(ii) is authorised under Part 4 of the Act (permission to carry on regulated activities) to carry on the regulated activity referred to in article 5 (accepting deposits) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 .
(2) In paragraph (1) “parent undertaking” and “subsidiary undertaking” have the meanings given by section 1162 of the 2006 Act (parent and subsidiary undertakings).

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Source: https://www.legislation.gov.uk/uksi/2008/346/regulation/5 (the official version)
Page: https://openlegislation.uk/regulated-covered-bonds-regulations-2008/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.