12. In subsection (2) of section 52 of the 1992 Act (application to court), for paragraph (c) substitute–
“(c)that the society is failing to satisfy any obligation to which it is subject by virtue of any provision of the law of any EEA State other than the United Kingdom which–
(i)gives effect to the general insurance or life Directives; or
(ii)is otherwise applicable to the insurance activities of the society in that State;”.