Central Bank and Credit Institutions (Resolution) Act 2011

72.

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.