What core are you using? I only know mame (native) or retrarch-mame to emulate CD-i in a convenient way. When using mame you can access the menu with |TAB]. Here you can switch between different displays. One of them is without the extra information on top. So it’s not an retroardch or shader option, you use the interal option gui of the emulator. I used this option when playing “the apprentice”.
I think the same applies for the retroarch mame core. You can enter the internal gui options with [TAB] as well, afaik. Maybe you have to enable or disalbe internal keypresses with [SCROLL-LOCK] first.