80 Shadow directors.U.K.
This section has no associated Explanatory Notes
(1)For the purposes of the provisions ... listed in subsection (2) neither the Treasury nor the Secretary of State shall be regarded as a shadow director of [a relevant company any part of which is owned by the Crown].
[(2)The provisions are—
(a)section 162(6) of the Companies Act 2006 (register of directors: liability for offence);
(b)Chapter 3 of Part 10 of that Act (declaration of interest in existing transaction or arrangement);
(c)sections 190 to 196 of that Act (transactions requiring members’ approval: substantial property transactions);
(d) sections 197 to 214 of that Act (transactions requiring members’ approval: loans etc. );
(e)regulation 10(3) of the Companies (Trading Disclosures) Regulations 2008 (liability for offence), as it applies in relation to an offence under regulation 8 (disclosure of names of directors).]