Financial Services and Markets Act 2000

[F1 Interpretation U.K.

Textual Amendments

F1 Pt. 18 Ch. 2A inserted (29.6.2023 for specified purposes) by Financial Services and Markets Act 2023 (c. 29), s. 86(1)(e), Sch. 10 para. 1

309Z7 Interpretation of Chapter 2A U.K.

(1) In this Chapter—

• “director”, in relation to a relevant recognised body, means a member of the board of directors of the body or, if there is no such board, the equivalent body responsible for the management of the body;

• “employee”, in relation to a relevant recognised body, includes a person who—

  (a)

  personally provides, or is under an obligation personally to provide, services to the body under an arrangement made between the body and the person providing the services or another person, and

  (b)

  is subject to, or to the right of, supervision, direction or control by the body as to the manner in which those services are provided;

• “relevant recognised body” has the meaning given in section 309A;

• “senior management function” and “designated senior management function” have the meanings given in section 309G (see subsections (3) and (5) of that section).

(2) In this Chapter, references to performing a designated senior management function without approval have the meaning given in section 309U(3).]