07877541228office@mamissionuk.com365 Halliwell Road, Bolton, BL1 8DE
Created by potrace 1.15, written by Peter Selinger 2001-2017

Affiliates Legal Term

(j) Dodd-Frank Act. The term “Dodd-Frank Act” refers to the Dodd-Frank Wall Street Reform and Consumer Protection Act (Pub. L. 111-203, 124 Stat. 1376 (2010)). The legal definition of “affiliate” applies to business and retail relationships. Affiliates are organizations, individuals or business entities controlled by or among themselves. Affiliates often have the following: companies are connected when one company is a minority shareholder of another. In most cases, the parent company will own less than 50% of the shares of its subsidiary. Two companies may also be affiliated if they are controlled by a separate third party. In the business world, affiliates are often referred to simply as affiliates.

Affiliates can be found anywhere in the business world. In the securities and capital markets, officers, directors, major shareholders, subsidiaries, parent companies and sister companies are affiliates of other companies. Two corporations may be affiliates if one holds less than a majority of the voting shares of the other. For example, Bank of America has a number of different subsidiaries around the world, including US Trust and Merrill Lynch. (k) Eligibility information. The term “rights information” means any information that would constitute a consumer report if the exclusions from the definition of “consumer report” in section 603(d)(2)(A) of the FCRA did not apply. Examples of the type of information that would fall under the definition of authorization information include transactional or experience information of an affiliate, such as: Information about a consumer`s account history with that affiliate and other information, such as information from reports or credit assessment requests. Authorization information does not contain aggregated or blind data that does not contain personal identifiers such as account numbers, names, or addresses. (l) FCRA. The term “FCRA” refers to the Fair Credit Reporting Act (15 U.S.C. 1681 et seq.). (c) co-ownership or joint control of undertakings.

The term “joint ownership or joint venture control” for the purposes of this Part means the power to exercise control over the management or policy of an enterprise, whether through ownership of securities, contract or otherwise. Any person who holds more than 25% of the voting securities of a company, either directly or through one or more controlled companies, is deemed to control the company. Any person who does not hold more than 25% of the voting securities of a corporation is deemed not to control the corporation. (p) Person. The term “person” means any person, partnership, corporation, trust, estate, cooperative, association or other entity. (1) In general. The term “concise” refers to a suitably short term or statement. (h) Covered Affiliate. “Hedged affiliate” means a forward commission trader, currency dealer, commodity trading advisor, commodity pool operator, importing broker, large swap participant or swap dealer under the jurisdiction of the Commission.

Amazon Associates, as Amazon calls its subsidiaries, is a great example. These companies use Amazon`s website to sell their products. In return, Amazon receives a percentage of each sale to cover its costs. However, subsidiaries remain separate legal entities from their parent companies, meaning they are responsible for their own taxes, obligations and corporate governance. They are also responsible for compliance with the laws and regulations in which they have their registered office, especially if they operate in a jurisdiction other than the parent company. (o) Large swap participant. The term “Major Swap Participant” will have the same meaning as in Section 1a(33) of the Commodity Exchange Act, 7 U.S.C. 1 et seq., as further defined in this Title, and will include any person registered as such under this Title. (g) consumer information.

The term “consumer information” means any document about a person, whether in paper, electronic or other form, that is a consumer report or that results from a consumer report (as defined in Section 603(d)(2) of the FCRA). Consumer information also means a compilation of these recordings. Consumer information does not include information that does not identify individuals, such as aggregated information or blind data. It`s entirely possible that the existing (or future) partners on the other side are competitors or a company you`d rather not connect with or do business with. In this situation, consider the impact of the access, rights or obligations of the competing affiliate. Is it a stressor you want to carry? (1) In general. The terms “dispose” or “dispose” mean: (f) consumers. Unless otherwise stated, the term “consumer” refers to a natural person. The term consumer does not include market makers, floor brokers, premises or persons whose information is not collected to determine whether it is suitable for personal, family or household purposes. Affiliates are commercial companies, organizations or individuals that control each other or are controlled by a third party. Control may be placed under shared management or shared ownership; sharing of facilities, equipment and personnel; or family interest. Employees or receipts from all affiliates are taken into account when specifying the size of the company.

Control power is the key factor associated with another business concern, whether exercised or not. In retail, especially in e-commerce, a company that sells the products of other merchants for a commission is an affiliate. The goods are ordered from the main company, but the sale is made on the affiliate`s website. Amazon and eBay are examples of ecommerce partners. Businesses can be connected to each other to enter a new market, maintain distinct brand identities, raise capital without affecting the parent company or other companies, and save on taxes. In most cases, affiliates are partners or affiliates, which describes an organization in which the parent company has a minority interest in it. (n) GLB Act. The term “GLB Act” refers to the Gramm-Leach-Bliley Act (Pub.

L. 106-102, 113 Stat. 1338 (1999)). There are several ways for companies to become affiliated. A company may decide to buy or acquire another, or it may decide to split part of its business into a new subsidiary. In both cases, the parent company will generally keep its activities separate from its subsidiaries. Since the parent company holds a minority stake, its liability is limited and the two companies maintain separate management teams. (d) undertakings. The term “company” means any company, limited liability company, commercial trust, partnership or limited partnership, association or similar organization. The term is sometimes used to refer to businesses that are related to each other in one way or another.

For example, Bank of America has many different subsidiaries, including Bank of America, US Trust, Landsafe, Balboa and Merrill Lynch. In the United States, the Affordable Care Act includes provisions requiring certain affiliated employers with common ownership or as part of a controlled group to group their employees together to determine their number of employees. These concepts are sometimes difficult to apply in practice and need to be analysed in detail by all parties involved.

Comments are closed.