Application of provisions of FSMA: general provisionU.K.
This section has no associated Explanatory Memorandum
10.—(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 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 .