The Minister or a nominee of the Minister shall not, by reason of any action taken under this Act, 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 nor a person discharging managerial responsibilities of a relevant institution, any of its subsidiaries or any holding company.
Version status: Ceased | Document consolidation status: Updated to reflect all known changes
Version date: 31 December 2014 - onwards
49. Minister not to be director, etc.
Ceased from 31 December 2014