Central Bank and Credit Institutions (Resolution) Act 2011
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Bank not to be director, etc. |
25.— The Bank shall not, by reason of the imposition of a requirement under section 22 , be taken to be a shadow director (within the meaning given by section 27 (1) of the Companies Act 1990 ) nor what is known as a de facto director nor a person discharging managerial responsibilities of the authorised credit institution, subsidiary or holding company on which the requirement was imposed. |