PART 2 U.K. Amendments of the Banking Act 2009 and related provision

CHAPTER 1 U.K. Amendments of the Banking Act 2009

Interpretation of Part 1 of the Banking Act 2009 U.K.

4.  In section 3 (interpretation: other expressions) M1 after subsection (2) insert—

“(3) In this Part references to a director include, in relation to an undertaking which has no board of directors, a member of the equivalent management body responsible for the management of the undertaking concerned.”.

Marginal Citations

M1 Section 3 has been amended by section 96 of, and paragraphs 1 and 4 of Schedule 17 to, the Financial Services Act 2012 (c.21); and by S.I. 2014/3329.