Shadow directors, etc.
This section has no associated Explanatory Notes
15The Secretary of State is not, by virtue of the exercise of a power conferred by or by virtue of this Schedule, to be regarded as—
(a)a person occupying in relation to an investment contract counterparty or a CFD counterparty the position of director;
(b)being a person in accordance with whose directions or instructions the directors of an investment contract counterparty or a CFD counterparty are accustomed to act;
(c)exercising any function of management in an investment contract counterparty or a CFD counterparty;
(d)a principal of an investment contract counterparty or a CFD counterparty.