Where a close company1, makes a loan2 or advances money to:
(1) a relevant person3 who is a participator4 in the company or an associate5 of such a participator;
(2) the trustees of a settlement6 one or more of the trustees or actual or potential beneficiaries of which is a participator in the company or an associate of such a participator; or
(3) a limited liability partnership or other partnership one or more of the partners in which is an individual who is either a participator in the company or an associate of an individual who is such a
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