In this Instrument, “entity related to the manager” means
(a) a person or company that can direct or materially affect the direction of the management and policies of the manager or the investment fund, other than as a member of the independent review committee; or
(b) an associate, affiliate, partner, director, officer or subsidiary of the manager or of a person or company referred to in paragraph (a).
1. The CSA consider an ‘entity related to the manager’ in paragraph (a) to include:
the administrator of a scholarship plan; and
any person or company that can materially direct or affect the manager’s management or policies, including through contractual agreements or ownership of voting securities.