SCHEDULES
SCHEDULE 7 Special Provisions for Banking and Insurance Companies and Groups
Part IV [Part IV of Schedule 9 to the Companies Act 1985]
Additional Disclosure: Emoluments and Other Benefits of Directors and Others
Other transactions, arrangements and agreements
3
1
Part III of Schedule 6 (other transactions, arrangements and agreements) applies for the purposes of accounts prepared by a banking company, or a company which is the holding company of a banking company, only in relation to a transaction, arrangement or agreement made by that banking company for—
a
a person who was a director of the company preparing the accounts, or who was connected with such a director, or
b
a person who was a chief executive or manager (within the meaning of the M1Banking Act 1987) of that company or its holding company.
2
References in that Part to officers of the company shall be construed accordingly as including references to such persons.
3
In this paragraph “director” includes a shadow director.
4
For the purposes of that Part as it applies by virtue of this paragraph, a company which a person does not control shall not be treated as connected with him.
5
Section 346 of this Act applies for the purposes of this paragraph as regards the interpretation of references to a person being connected with a director or controlling a company.