RPT

Hello Sir, I would like to ask if the parties are deemed not to be related ,will the RPT still can arise? if no related relationship, why the transaction between them still will need to consider whether it is related party transaction?

for reference the examiner answer in Mar/June 2016 Q3 (c) Emcee :

“IAS 24 deems that parties are not related simply because they have a director or key manager in common. In this case, there are two directors in common and it appears as though the entities are not related. However, the Regulator will need to establish whether the sponsorship deal is a related party transaction (RPT) for the purpose of the financial control provisions. There would need to be demonstrated that the airline may be expected to influence, or be influenced by, the club or a related party of the club.”