OpenLegislation

Paragraph 86

England, Wales and Scotland

For the purposes of regulation 85—

(a)

a general notice given to the directors that a director is to be regarded as having an interest of the nature and extent specified in the notice in any transaction or arrangement in which a specified person or class of persons is interested shall be deemed to be a disclosure that the director has an interest in any such transaction of the nature and extent so specified; and

(b)

an interest of which a director has no knowledge and of which it is unreasonable to expect him to have knowledge shall not be treated as an interest of his.

Notes on Schedule

Commencement

I1

Sch. in force at 1.7.1985, see reg. 1