http://www.legislation.gov.uk/ukpga/2000/8/section/423/2016-03-21Financial Services and Markets Act 2000An Act to make provision about the regulation of financial services and markets; to provide for the transfer of certain statutory functions relating to building societies, friendly societies, industrial and provident societies and certain other mutual societies; and for connected purposes.2000-06-15texttext/xmlenStatute Law Database2026-04-07Expert Participation2016-03-21 Part XXIX Interpretation Manager.4231In this Act, except in relation to a unit trust scheme or a registered friendly society, “manager” means an employee who—aunder the immediate authority of his employer is responsible, either alone or jointly with one or more other persons, for the conduct of his employer’s business; orbunder the immediate authority of his employer or of a person who is a manager by virtue of paragraph (a) exercises managerial functions or is responsible for maintaining accounts or other records of his employer.2If the employer is not an individual, references in subsection (1) to the authority of the employer are references to the authority—ain the case of a body corporate, of the directors;bin the case of a partnership, of the partners; andcin the case of an unincorporated association, of its officers or the members of its governing body.3“Manager”, in relation to a body corporate, means a person (other than an employee of the body) who is appointed by the body to manage any part of its business and includes an employee of the body corporate (other than the chief executive) who, under the immediate authority of a director or chief executive of the body corporate, exercises managerial functions or is responsible for maintaining accounts or other records of the body corporate.