Moved by
Lord Greenhalgh
263: Clause 151, page 156, line 15, at end insert—
“(4) Where—
(a) a relevant company is an accountable person for a higher-risk building (within the meaning of Part 4), and
(b) one or more (but not all) directors of the relevant company have been appointed for a building safety purpose and are entitled to remuneration from the company,
this section, so far as relating to Part 4, does not apply in relation to a director who is not entitled to remuneration from the relevant company.
(5) In subsection (4)—
“building safety purpose” means the purpose of supporting the relevant company in complying with its duties under Part 4 or under regulations made under that Part;
“relevant company” means—
(a) a resident management company within the meaning of section (Building safety directors of resident management companies),
(b) an RTM company within the meaning of Chapter 1 of Part 2 of the Commonhold and Leasehold Reform Act 2002 (right to manage), or
(c) a company that is a commonhold association within the meaning of Part 1 of that Act (see section 34).”
Member’s explanatory statement
This amendment provides that, in relation to certain residents’ companies, this Clause - so far as relating to Part 4 - does not apply to unpaid directors if there are paid directors, appointed for a building safety purpose.