Central Bank and Credit Institutions (Resolution) Act 2011
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Special manager not to be director, etc. |
72.— A special manager of an authorised credit institution, subsidiary or holding company shall not 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 of that credit institution, subsidiary or holding company or any subsidiary of that holding company. |