Application of section 215 of FSMA5.

(1)

Section 215 of FSMA (rights of the compensation scheme in insolvency) M1 applies in relation to a relevant society—

(a)

which is a relevant person; and

(b)

in relation to which an administration application is made, an administrator is appointed or a copy of notice of intention to appoint an administrator is filed with the court under Schedule B1 to the 1986 Act.

(2)

For that purpose in subsection (3) the reference to a company includes a reference to a relevant society.