{
  "url": "https://openlegislation.uk/bank-recovery-and-resolution-no-2-order-2014/article-217",
  "json_url": "https://openlegislation.uk/bank-recovery-and-resolution-no-2-order-2014/article-217.json",
  "legislation": "uksi/2014/3348",
  "legislation_title": "The Bank Recovery and Resolution (No. 2) Order 2014",
  "legislation_url": "https://openlegislation.uk/bank-recovery-and-resolution-no-2-order-2014",
  "path": "article/217",
  "kind": "article",
  "number": "217",
  "heading": "Shadow directorship",
  "text": "(1) A relevant person is not to be treated, in relation to a company under resolution, as—\n(a) a shadow director for the purposes of the enactments specified in paragraph (3);\n(b) a person who discharges managerial responsibilities for the purposes of those enactments (unless that person has been appointed as a director); or\n(c) a director by virtue of paragraph (b) of the definition of “director” given in section 417(1) of FSMA (a person in accordance with whose directions or instructions the directors of a body corporate are accustomed to act).\n(2) “Relevant persons” are—\n(a) the Bank; ...\n(b) persons who are employed by, or act on behalf of, the Bank.\n(c) a resolution administrator appointed under section 62B of the Banking Act 2009; and\n(d) a temporary manager appointed under section 71C of the Financial Services and Markets Act 2000.\n(3) The specified enactments are—\n(a) the Companies Act 2006;\n(b) the Insolvency Act 1986 ;\n(c) the Company Directors Disqualification Act 1986 ; and\n(d) FSMA.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Word in art. 217(2)(a) omitted (16.12.2016) by virtue of The Bank Recovery and Resolution Order 2016 (S.I. 2016/1239), arts. 1(2), 41(15)(a)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Art. 217(2)(c)(d) inserted (16.12.2016) by The Bank Recovery and Resolution Order 2016 (S.I. 2016/1239), arts. 1(2), 41(15)(b)"
    },
    {
      "type": "M",
      "label": "M1",
      "text": "1986 c. 45."
    },
    {
      "type": "M",
      "label": "M2",
      "text": "1986 c. 46."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2014/3348/article/217",
    "retrieved_at": "2026-10-28T23:53:03.627932+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}