Energy Act 2013 (c. 32)

SCHEDULES

SCHEDULE 2 U.K. Investment contracts

PART 3 U.K. Further provision about an investment contract counterparty and a CFD counterparty

Shadow directors, etc. U.K.

15 U.K. The Secretary of State is not, by virtue of the exercise of a power conferred by or by virtue of this Schedule, to be regarded as—

(a) a person occupying in relation to an investment contract counterparty or a CFD counterparty the position of director;

(b) being a person in accordance with whose directions or instructions the directors of an investment contract counterparty or a CFD counterparty are accustomed to act;

(c) exercising any function of management in an investment contract counterparty or a CFD counterparty;

(d) a principal of an investment contract counterparty or a CFD counterparty.