Article 2 Interpretation

In this Order—

• “the Act” means the Financial Services and Markets Act 2000;

• “authorised building society” means any UK authorised person M1 which is a building society within the meaning of section 119 of the Building Societies Act 1986 (interpretation)M2;

• F1“managing agent” has the meaning given in article 3 of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001;

• “relevant friendly society” means any UK authorised person which is a friendly society to which neither subsection (2) nor subsection (3) of section 37 of the Friendly Societies Act 1992 (restriction on combinations of business)M3 applies; and

• “relevant UK authorised person” means a UK authorised person other than—

  1. (a)

     F2a credit institution which has permission under Part 4A of the Act to carry on the regulated activity of accepting deposits;

  2. (b)

     an investment firm (as defined in section 424A of the Act);

  3. (c)

     a management company (as defined in section 237(2) of the Act);

  4. (d)

     F3an insurance undertaking which includes for the purposes of this Order a managing agent; or

  5. (e)

     a reinsurance undertaking.