"associate"

means—

(a)a subsidiary of a mutual bank;
(b)any person in accordance with whose directions or instructions the board of directors of a mutual bank is accustomed to act
(c)any juristic person the board of directors of which or, in the case of such juristic person that is not a company, the governing body of which is accustomed to act in accordance with the directions or instructions of a mutual bank, and includes any trust controlled or administered by such mutual bank;