1. No member of the Society shall enter into any relevant arrangement other than an approved arrangement.
Conversion and Related Arrangements Byelaw, paragraph 2(1)
2. A relevant arrangement is an approved arrangement for the purposes of [1. above] if that arrangement either:
(a) has been approved by the Council for the purposes of this [Conversion and Related Arrangements section of the Consolidated Requirements]; or
(b) is being entered into pursuant to a conversion scheme which has been approved by the Council for the purposes of this [Conversion and Related Arrangements section of the Consolidated Requirements].
Conversion and Related Arrangements Byelaw, paragraph 2(2)
3. No underwriting agent or member of the Society shall procure or advise any member of the Society to enter into or otherwise promote an unapproved arrangement.
Conversion and Related Arrangements Byelaw, paragraph 2(3)