Section 71D(4A)

The condition in this subsection is met in relation to a director of an institution, of a financial holding company or of a mixed financial holding company, if the director— is no longer of sufficiently good repute to perform their duties, no longer possesses sufficient knowledge, skills, experience, honesty, integrity or independence of mind to perform their duties, or is no longer able to commit sufficient time to perform their duties.

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Source: legislation.gov.uk · retrieved 2026-09-04