90 Shadow directors: definition
Small Business, Enterprise and Employment Act 2015 (2015 c 26) | Legislation

90  Shadow directors: definition

(1)     In section 251 of the Insolvency Act 1986 (expressions used generally), in the definition of “shadow director”, for the words from “(but” to the end substitute “, but so that a person is not deemed a shadow director by reason only that the directors act—

(a)     on advice given by that person in a professional capacity;

(b)     in accordance with instructions, a direction, guidance or advice given by that person in the exercise of a function conferred by or under an enactment (within the meaning

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