82.—(1) Regulations may make provision for giving effect to any arrangements made under section 32(1) of the [1979 c. 34] Credit Unions Act 1979, and such regulations may in particular—
(a)confer rights and obligations (appropriate to credit unions) under this Order on Great Britain credit unions in such circumstances as may be specified in the regulations;
(b)confer functions on the [F1FCA] in relation to Great Britain credit unions; and
(c)make such modifications of this Order and the [S.R. & O. 1922 No. 184] Government of Ireland (Companies, Societies, etc.) Order 1922 as appear to the Department to give effect to the arrangements.
(2) In this Article “Great Britain credit union” means a society which is registered as a credit union under the law for the time being in force in Great Britain for purposes corresponding to those of this Order and which carries on or intends to carry on business in Northern Ireland.
F1Word in art. 82(1)(b) substituted (6.4.2018 immediately after 2016 c. 16 (N.I.), s. 8(2) comes into force) by The Financial Services Act 2012 (Mutual Societies) Order 2018 (S.I. 2018/323), art. 1, Sch. 3 para. 2(y) (with art. 3)