Assertion: fund's director | /r/HasAspect | material business
Facets:
value: with that entity
type: OTHER
Source sentences:
text: In determining whether the director would have a material business or professional relationship with a Specified Entity due to his or her interest in the company and the company's transaction with the Specified Entity, the staff would look to the nature and significance of the director's interest in the company and the company's interest in the transaction.
text: -- See, e.g., Alpha Investors Fund, SEC No-Action Letter (Jan. 9, 1972) (director who is a partner at a law firm that provides legal services to an entity that controls the fund's adviser may be interested under section 2(a)(19)(B)(vi) because the director has a material business or professional relationship with that entity).