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standard non-executive director

    159(in relation to a firm) any of the following:

      1. (1) a board director of that firm who:
        1. (a) has no responsibility for implementing the decisions or the policies of the board of directors, or if there is no such board, of the equivalent body responsible for the management of the firm; and
        1. (b) is not:
          1. (i) an SMF manager; or
          1. (ii) an approved person whose approval is to perform an FCA significant-influence function; or
          1. (iii) an approved person whose approval is to perform a senior insurance management function as defined in the PRA Rulebook;
          of that firm; or
      1. (2) a non-executive director of that firm who is an employee (as defined in paragraph (4) of the Glossary definition of employee) of that firm.