This Act applies to building societies as it applies to companies.

References in this Act to a company, or to a director or an officer of a company include, respectively, references to a building society within the meaning of the Building Societies Act 1986 or to a director or officer, within the meaning of that Act, of a building society.

In relation to a building society the definition of “shadow director” in section 22(5) applies with the substitution of “building society” for “company”.

In the application of Schedule 1 to the directors of a building society, references to provisions of the Insolvency Act or the Companies Act include references to the corresponding provisions of the Building Societies Act 1986.