OpenLegislation

Section 88 Shadow directors, etcI1I2

United Kingdom

(1)

The Secretary of State is not, by virtue of the exercise of a power conferred by or by virtue of this Chapter, to be regarded as—

(a)

a person occupying the position of director in relation to a Chapter 1 entity;

(b)

a person in accordance with whose directions or instructions the directors of a Chapter 1 entity are accustomed to act;

(c)

a person in accordance with whose directions or instructions the members of a Chapter 1 entity which is a limited liability partnership are accustomed to act;

(d)

exercising any function of management in a Chapter 1 entity;

(e)

a principal of a Chapter 1 entity.

(2)

An allocation body is not, by virtue of the exercise of a power conferred by or by virtue of this Chapter, to be regarded as—

(a)

a person occupying the position of director in relation to a revenue support counterparty;

(b)

a person in accordance with whose directions or instructions the directors of a revenue support counterparty are accustomed to act;

(c)

a person in accordance with whose directions or instructions the members of a revenue support counterparty which is a limited liability partnership are accustomed to act;

(d)

exercising any function of management in a revenue support counterparty;

(e)

a principal of a revenue support counterparty.

(3)

In this section “Chapter 1 entity” means the following—

(a)

a revenue support counterparty;

(b)

a hydrogen levy administrator;

(c)

an allocation body.

Annotations

Commencement

I1

S. 88 in force at Royal Assent for specified purposes, see s. 334(3)(a)(vi)

I2

S. 88 in force at 26.12.2023 in so far as not already in force, see s. 334(3)(b)