Schedule 2, Part 1, paragraph 4(2)

A director— is not to be regarded as failing to comply with any duty owed to any person (for example, a shareholder, creditor or employee of the bank) by virtue of any action or inaction in compliance with a direction given under subsection (1)(a) or (b); is to be immune from liability in damages in respect of action or inaction in accordance with a direction.

← 1 · All articles · 3 →

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