(1) This article applies where immediately before commencement a building society was subject to -

(a) a condition imposed under section 9(5) of the Building Societies Act;

(b) a condition imposed under section 41 of that Act;

(c) a condition imposed under section 42 of that Act (including any which was imposed as a matter of urgency pursuant to section 42A of that Act [Section 42A was inserted by the Building Societies Act 1997 s. 16.] if it has been confirmed by a notice given under section 42A(8) of that Act);

(d) a condition imposed under section 44 of that Act;

(e) a direction given under section 50 of that Act.

(2) Where this article applies, the condition or direction has effect after commencement as if it were a requirement imposed on the building society under section 43.