Application of provisions of FSMA: general provision10
1
In the application in relation to a relevant society of any of the provisions applied by articles 5 to 9, except sections 359(4) and 362(1B)—
a
a reference to a provision of the 1986 Act is a reference to that provision as applied in relation to a relevant society; and
b
a reference to Schedule B1 to the Insolvency (Northern Ireland) Order 1989 M1 is to be ignored.
2
In articles 5 to 9—
a
a reference to a provision of the 1986 Act is a reference to that provision as applied in relation to a relevant society;
b
“general prohibition” has the meaning given in section 19(2) of FSMA; and
c
“regulated activity” has the meaning given in section 22 of FSMA M2.