Business Trusts Regulations · 2006 Revised Edition · Part I · Preliminary
2. Definitions
Feedback & supportIn these Regulations, unless the context otherwise requires —“associated company” and “chief executive officer” have the same meanings as in section 86(10) of the Act;“executive director” means a director who is concurrently an executive officer, and “non-executive director” shall be construed accordingly;“executive officer”, in relation to a corporation, means any person, by whatever name described, who is —
in the direct employment of, or acting for or by arrangement with, the corporation; and
concerned with, or takes part in, the management of the corporation on a day-to-day basis;“immediate family” and “interested person transaction” have the same meanings as in section 86(10) of the Act;“subsidiary” has the same meaning as in section 5 of the Companies Act (Cap. 50).
“associated company” and “chief executive officer” have the same meanings as in section 86(10) of the Act;
“executive director” means a director who is concurrently an executive officer, and “non-executive director” shall be construed accordingly;
“executive officer”, in relation to a corporation, means any person, by whatever name described, who is —
in the direct employment of, or acting for or by arrangement with, the corporation; and
concerned with, or takes part in, the management of the corporation on a day-to-day basis;
“immediate family” and “interested person transaction” have the same meanings as in section 86(10) of the Act;
“subsidiary” has the same meaning as in section 5 of the Companies Act (Cap. 50).