Commentary on Sections Section 8: Meaning of associated person
52.Section 8 provides that A is associated with C for the purposes of section 7, if A performs services for, or on behalf of C. It also ensures that section 7 relates to the actual activities being undertaken by A at the time rather than A’s general position. The section expressly states that A may be the commercial organisation’s employee, agent or subsidiary. But where A is an employee it is to be presumed that A is performing services for or on behalf of C unless the contrary is shown.