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This is the original version (as it was originally enacted).
25Shadow directors, etc.
This section has no associated Explanatory Notes
Neither the Secretary of State nor the national system operator is, by virtue of the exercise of a power conferred by or by virtue of this Chapter, to be regarded as—
(a)a person occupying in relation to a CFD counterparty the position of director;
(b)being a person in accordance with whose directions or instructions the directors of a CFD counterparty are accustomed to act;
(c)exercising any function of management in a CFD counterparty;
(d)a principal of a CFD counterparty.
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