{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000/schedule-18/paragraph-14",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000/schedule-18/paragraph-14.json",
  "legislation": "ukpga/2000/8",
  "legislation_title": "Financial Services and Markets Act 2000",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000",
  "path": "schedule/18/paragraph/14",
  "kind": "paragraph",
  "number": "14",
  "heading": null,
  "text": "(1) Schedule 8 to the 1992 Act (provisions supplementing section 13) is amended as follows.\n(2) Omit paragraph 3(2).\n(3) After paragraph 3 insert—\n“3A (1) A body is to be treated for the purposes of section 13(9) as having the right to appoint to a directorship if—\n(a) a person’s appointment to the directorship follows necessarily from his appointment as an officer of that body; or\n(b) the directorship is held by the body itself.\n(2) A body (“B”) and some other person (“P”) together are to be treated, for the purposes of section 13(9), as having the right to appoint to a directorship if—\n(a) P is a body corporate which has directors and a person’s appointment to the directorship follows necessarily from his appointment both as an officer of B and a director of P;\n(b) P is a body corporate which does not have directors and a person’s appointment to the directorship follows necessarily from his appointment both as an officer of B and as a member of P’s managing body; or\n(c) the directorship is held jointly by B and P.\n(3) For the purposes of section 13(9), a right to appoint (or remove) which is exercisable only with the consent or agreement of another person must be left out of account unless no other person has a right to appoint (or remove) in relation to that directorship.\n(4) Nothing in this paragraph is to be read as restricting the effect of section 13(9).”\n(4) In paragraph 9 (exercise of certain rights under instruction by, or in the interests of, incorporated friendly society) insert at the end “ or in the interests of any body over which the society has joint control ”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2000/8/schedule/18/paragraph/14",
    "retrieved_at": "2026-10-29T09:21:21.899993+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."
}