Credit Institutions (Stabilisation) Act 2010
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Minister not to be director, etc. |
49.— The Minister or a nominee of the Minister shall not, by reason of any action taken under this Act, 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 a relevant institution, any of its subsidiaries or any holding company. |