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;

• “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

     a credit institution authorised under the banking consolidation directive M4;

  2. b

     an investment firm authorised under the markets in financial instruments directive M5;

  3. c

     a management company as defined in Article 1a.2 of the UCITS directive, authorised under that directive M6;

  4. d

     an undertaking pursuing the activity of direct insurance within the meaning of—

     1. i

        Article 2 of the life assurance consolidation directive, authorised under that directive M7; or

     2. ii

        Article 1 of the first non-life insurance directive, authorised under that directive M8; or

  5. e

     an undertaking pursuing the activity of reinsurance within the meaning of Article 2.1(a) of the reinsurance directive, authorised under that directive M9.