(1) This regulation applies in the same circumstances as regulation 28, but only if the non-transferring composite insurer is a company registered in Northern Ireland or a society other than a society of a kind to which regulation 28A applies.

(2) The creditors mentioned in section 168(2) of the 1986 Act (as applied in relation to such a society), Article 143(2) of the 1989 Order or rule 4.13 of the Insolvency (Scotland) Rules 1986 (power of liquidator to summon general meetings of creditors) are to be -

(a) in relation to the long term business assets of that insurer, only those who are creditors in respect of long term business liabilities; and

(b) in relation to the general business assets of that insurer, only those who are creditors in respect of general business liabilities,

and, accordingly, any general meetings of creditors summoned for the purposes of that section, Article or rule are to be separate general meetings of creditors in respect of long term business liabilities and general business liabilities.