122ABExcluded persons

122AB Excluded persons

(1) In this Part, excluded person, in relation to a member of a participating exchange, means:

(a) in any case—the member;

(b) if the member is a member organisation of the participating exchange and is not a body corporate:

(i) a person who is the spouse, or who is a relative, of the member;

(ii) a trustee of a trust in relation to which the member or a person of a kind referred to in subparagraph (i) is capable of benefiting; or

(iii) a body corporate of which the member is an officer, or in which the member or a person of a kind referred to in subparagraph (i) has, or the member and such a person, the member and 2 or more such persons, or 2 or more such persons, together have, a controlling interest;

(c) if the member is a member organisation of the participating exchange and is a body corporate:

(i) a person who is an officer of the body corporate;

(ii) a body corporate that is related to the first‑mentioned body corporate;

(iii) a person who is the spouse, or who is a relative, of a person of a kind referred to in subparagraph (i);

(iv) a trustee of a trust in relation to which a person of a kind referred to in subparagraph (i) or (iii) is capable of benefiting; or

(v) a body corporate in which a person of a kind referred to in subparagraph (i) or (iii) has, or 2 or more such persons together have, a controlling interest;

(d) if the member is a partner in a member organisation of the participating exchange and is not a body corporate:

(i) a person who is a partner in the member organisation;

(ii) a person who is the spouse, or who is a relative, of a partner (not being a body corporate) in the member organisation;

(iii) a trustee of a trust in relation to which a person of a kind referred to in subparagraph (i) or (ii) is capable of benefiting;

(iv) a person who is an officer of a body corporate that is a partner in the member organisation; or

(v) a body corporate of which a person of a kind referred to in subparagraph (i), (ii) or (iii) is an officer, or in which such a person has, or 2 or more such persons together have, a controlling interest; or

(e) if the member is a partner in a member organisation of the participating exchange and is a body corporate:

(i) a person who is an officer of a body corporate that is a partner in the member organisation;

(ii) a body corporate that is related to the first‑mentioned body corporate;

(iii) a person who is a partner in the member organisation;

(iv) a person who is the spouse, or who is a relative, of a person (other than a body corporate) of a kind referred to in subparagraph (i) or (iii);