# The Bradford & Bingley plc Transfer of Securities and Property etc. Order 2008, Article 13: Shadow directorship


(1) While Bradford & Bingley is wholly owned by the Treasury, for the purposes of the provisions listed in Schedule 1 to this Order, none of the persons listed in paragraph (3) shall be regarded as a shadow director of or (unless otherwise appointed as a director) a person discharging managerial responsibilities of a relevant undertaking.
(2) For the purposes of the definition of “director” in section 417 of the 2000 Act (definitions), while Bradford & Bingley is wholly owned by the Treasury, none of the persons listed in paragraph (3) shall be regarded as a person in accordance with whose directions or instructions (not being advice given in a professional capacity) the directors of a relevant undertaking are accustomed to act.
(3) The persons are—
(a) a Minister of the Crown;
(b) the Treasury;
(c) the Treasury Solicitor;
(d) the Bank;
(e) persons—
(i) employed by or under; or
(ii) acting on behalf of,
any of the persons specified in sub-paragraphs (a) to (d).

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Source: https://www.legislation.gov.uk/uksi/2008/2546/article/13 (the official version)
Page: https://openlegislation.uk/bradford-bingley-plc-transfer-of-securities-and-property-etc-order-2008/article-13
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.