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).