Canada Pension Plan Investment Board Regulations (SOR/99-190)

2 (1) For the purposes of these Regulations,

• (a) a person controls a corporation if securities of the corporation to which are attached more than 50 per cent of the votes that may be cast to elect the directors of the corporation are beneficially owned by the person and the votes attached to those securities are sufficient, if exercised, to elect a majority of the directors of the corporation;

• (b) a person controls an unincorporated entity, other than a limited partnership, if more than 50 per cent of the ownership interests into which the unincorporated entity is divided are beneficially owned by the person and the person is able to direct the business and affairs of the unincorporated entity;

• (c) the general partner of a limited partnership controls the limited partnership; and

• (d) a trustee of a trust controls the trust.

(2) For the purposes of these Regulations, a person who controls an entity is deemed to control any other entity that is controlled by the entity.