PART 2Electricity Market Reform

CHAPTER 2Contracts for Difference

25Shadow directors, etc.

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.