The term “Entity” referred to in these Regulations means a legal person or a legal arrangement, such as a corporation, a partnership, a trust, a foundation, or an organization.
The term “Related Entity” referred to in these Regulations means an Entity controlling the other Entity, or two Entities under common control. Such entities constitute Related Entities. If two Entities which are Investment Entities described in Subparagraph 2 of Article 8 are under common management, and such management fulfills the due diligence obligations of such Investment Entities, the two Entities are deemed as Related Entities.
The term “Control” referred to in the preceding paragraph means direct or indirect ownership of more than 50% of the vote and value in an Entity.