
Print Options
PrintThe Whole
Instrument
PrintThe Whole
Part
PrintThis
Section
only
Changes over time for: Section 217


Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 16/12/2016.
Changes to legislation:
There are outstanding changes not yet made by the legislation.gov.uk editorial team to The Bank Recovery and Resolution (No. 2) Order 2014. Any changes that have already been made by the team appear in the content and are referenced with annotations.

Changes to Legislation
Changes and effects yet to be applied by the editorial team are only applicable when viewing the latest version or prospective version of legislation. They are therefore not accessible when viewing legislation as at a specific point in time. To view the ‘Changes to Legislation’ information for this provision return to the latest version view using the options provided in the ‘What Version’ box above.
Shadow directorshipU.K.
This section has no associated Explanatory Memorandum
217.—(1) A relevant person is not to be treated, in relation to a company under resolution, as—
(a)a shadow director for the purposes of the enactments specified in paragraph (3);
(b)a person who discharges managerial responsibilities for the purposes of those enactments (unless that person has been appointed as a director); or
(c)a director by virtue of paragraph (b) of the definition of “director” given in section 417(1) of FSMA (a person in accordance with whose directions or instructions the directors of a body corporate are accustomed to act).
(2) “Relevant persons” are—
(a)the Bank; ...
(b)persons who are employed by, or act on behalf of, the Bank.
[(c)a resolution administrator appointed under section 62B of the Banking Act 2009; and]
[(d)a temporary manager appointed under section 71C of the Financial Services and Markets Act 2000.]
(3) The specified enactments are—
(a)the Companies Act 2006;
(b)the Insolvency Act 1986 ;
(c)the Company Directors Disqualification Act 1986 ; and
(d)FSMA.
Textual Amendments
Marginal Citations
Back to top