SCHEDULES
C1SCHEDULE 3 Minimum Criteria for Authorisation
Annotations:
Modifications etc. (not altering text)
Composition of board of directors
3
In the case of an institution incorporated in the United Kingdom the directors include such number (if any) of directors without executive responsibility for the management of its business as the F2Authority considers appropriate having regard to the circumstances of the institution and the nature and scale of its operations.
Sch. 3 applied with modifications (1.1.1993) by S.I. 1992/3218, reg. 23(3).