A special manager of an authorised credit institution, subsidiary or holding company shall not be taken to be a shadow director (within the meaning given by section 27(1) of the Companies Act 1990) nor what is known as a de facto director of that credit institution, subsidiary or holding company or any subsidiary of that holding company.
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 28 October 2011 - onwards