Financial Services Act 1986 (Restriction of Right of Action) (Friendly Societies) Regulations (Northern Ireland) 1991

Circumstances in which action ma! be brought at suit of person other than private investor

3.  In relation to any society or organisation the following circumstances are specified for the purposes of paragraph 22A(1) of Schedule 11 to the Act as being circumstances in which action shall lie at the suit of a person other than a private investor—

(a)circumstances in which an individual who is an authorised person under Chapter III, or an exempted person under Chapter IV. of Part 1 of the Act suffers a loss otherwise than in the course of investment business carried on by him;

(b)circumstances in which there is or has been a contravention of any prohibition or requirement imposed under Chapter VI of Part 1 of the Act as it applies by virtue of paragraph 23 of Schedule 11 to the Act;

(c)circumstances in which there is or has been a contravention of any requirement imposed under paragraph 24 of Schedule 11 to the Act; or

(d)circumstances in which the contravention in question is a contravention of any rule, regulation, condition or requirement prohibiting a person from seeking to make provision excluding or restricting any duty or liability.