Application of section 356 of FSMA6

1

Section 356 of FSMA (powers of FCA and PRA to participate in proceedings: company voluntary arrangements) M1 applies in relation to a relevant society—

a

which is an authorised person; and

b

in relation to which a voluntary arrangement has effect under Part 1 of the 1986 Act.

2

For that purpose—

a

in subsection (1) the reference to a company includes a reference to a relevant society; and

b

in subsection (3) the reference to an application to the court in relation to the company is a reference to an application to the court under section 6 M2 or 7 M3 of the 1986 Act in relation to a relevant society of the kind described in paragraph (1).