Article 12 Meaning of “manager”
In Part IV of Schedule 9 to the Companies Act 1985 (special provisions for banking companies and groups)f1, paragraph (3) is amended as follows.
(2)
In sub-paragraph (1)(b) the words “(within the meaning of the Financial Services and Markets Act 2000)”f2 are repealed.
(3)
For sub-paragraph (3) substitute—
“(3)In this paragraph—
(a)“director” includes a shadow director;
(b)“chief executive” has the meaning given in section 417 of the Financial Services and Markets Act 2000; and
(c)“manager” has the meaning given in section 423(3) of that Act.”.
Annotations
Footnotes
- f1
-
Part IV was inserted by the Companies Act 1989 (c. 40), section 18(3), (4), Schedule 7.
- f2
-
The words “within the meaning of the Financial Services and Markets Act 2000” were substituted by S.I. 2001/3649, article 35(3).