The Definition of Related Parties Under IAS 24 Excludes Entities

The definition of related parties under IAS 24 excludes entities (other than those specified earlier in the relevant paragraph) where the related-party relationship:

A) is a relationship formed more than 5 years prior to the current reporting period.
B) results solely from normal dealings of local governments.
C) is a commonly known and transparent link between entities in the public sphere.
D) is based on a relationship to the directors through marriage only.