The following persons1 are disqualified persons in relation to a Broadcasting Act licence2 granted by Ofcom3:
(1) an advertising agency4;
(2) an associate5 of an advertising agency6;
(3) any body7 which is controlled8 by a person falling within head (1) or head (2) above or by two or more such persons taken together9;
(4) any body corporate in which a person falling within any of heads (1) to (3) above is a participant with more than
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