Date-stamp loading
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 7 April 2017 - onwards
  Version 4 of 4    

121. Disqualification of directors

(1) In this section "the Disqualification Act" means the Company Directors Disqualification Act 1986.

(2) In the Disqualification Act -

(a) a reference to liquidation includes a reference to bank insolvency,

(b) a reference to winding up includes a reference to making or being subject to a bank insolvency order,

(c) a reference to becoming insolvent includes a reference to becoming subject to a bank insolvency order, and

(d) a reference to a liquidator includes a reference to a bank liquidator.

(3) For the purposes of the application of section 7A of the Disqualification Act [In section 121 "the Disqualification Act" means the Company Directors Disqualification Act 1986.] (office-holder's report on conduct of directors) to a bank which is subject to a bank insolvency order -

(a) the "office-holder" is the bank liquidator,

(b) the "insolvency date" means the date on which the bank insolvency order is made, and

(c) subsections (9) to (11) are omitted.

(4) After section 21 of the Disquali

Comparing proposed amendment...