Definition Of Associated Person Bribery Act

8 meaning of associated person 1 for the purposes of section 7 a person a is associated with c if. There are currently no known outstanding effects for the bribery act 2010 section 8. A person is associated with a commercial organization if that person performs services for or on behalf of the commercial organization.

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Act of bribery has been carried out by an associated person of the corporate under either section 1 or 6.

Definition of associated person bribery act. 8 meaning of associated person 1 for the purposes of section 7 a person a is associated with c if disregarding any bribe under consideration a is a person who performs services for or on. This is intended to be broad so as to embrace the whole range of persons connected to an organisation that might be capable of committing bribery on the organisation s behalf. In futures trading the term associated person refers to particular people within the employ of a broker or dealer that perform the role of sales or supervision of sales. An associated person is defined under the ukba as a person who performs services for or on behalf of the organisation which may include employees subsidiaries and agents.

Intended to bring about the improper performance by another person of a relevant function or activity or to reward such improper performance. The person may be the commercial organization s employee agent or subsidiary. The supplier shall act within the provisions of the bribery act 2010. In relation to section 1 of the bribery act a bribe can be an offer promise or a financial or other advantage to another person 4 the aim of which is either.

More definitions of bribery act. A relevant commercial organization can only be strictly liable for failing to prevent bribery if an associated person bribes another person. For the purposes of this clause 15 2 whether a person is associated with the supplier shall be determined in accordance with the provisions of the bribery act 2010 but shall include any subcontractor of the supplier. A person is an associated person if they perform services for or on behalf of the corporate.

Depending on the facts this may include without limitation employees agents consultants intermediaries joint venture. The capacity in which the person performs services for or on behalf of the commercial organization does not matter.