http://www.legislation.gov.uk/ukpga/1979/34/crossheading/registration-as-a-credit-unionCredit Unions Act 1979An Act to enable certain societies in Great Britain to be registered under the Industrial and Provident Societies Act 1965 as credit unions; to make further provision with respect to societies so registered; to make provision with respect to the taxation of societies so registered and of Northern Ireland credit unions; to enable reciprocal arrangements to be made in relation to Northern Ireland credit unions; to facilitate the amendment of the Industrial and Provident Societies Act (Northern Ireland) 1969; and for connected purposes.1979-06-30texttext/xmlenStatute Law Database2024-05-20Expert Participation2023-08-29 Registration as a credit union<Substitution ChangeId="key-b77950da78b8a2fb23962d4473882e21-1439025702147" CommentaryRef="key-b77950da78b8a2fb23962d4473882e21"> Registration.</Substitution>11 A society may be registered under the Co-operative and Community Benefit Societies Act 2014 (“the 2014 Act”) as a credit union if— ait is shown to the satisfaction of the FCA that the conditions specified in subsection (2) below are fulfilled;aathe society has at least 21 members;bthe rules of the society comply with section 4(1) below; . . .cthe place which under those rules is to be the society’s registered office is situated in Great Britain;d the society has made an application for permission under Part 4A of the Financial Services and Markets Act 2000 (in this Act referred to as “the 2000 Act") to accept deposits; ... e the FCA is satisfied that, once registered under the 2014 Act , the society will satisfy, and continue to satisfy, the threshold conditions (within the meaning of section 55B(1) of the 2000 Act) for which the FCA is responsible in relation to the regulated activity of accepting deposits; and f the PRA is satisfied that, once registered under the 2014 Act , the society will satisfy, and continue to satisfy, the threshold conditions (within the meaning of section 55B(1) of the 2000 Act) for which the PRA is responsible in relation to the regulated activity of accepting deposits. and a society which is so registered by virtue of this section ... is in this Act referred to as, a “credit union".1ZASee section 4 of the 2014 Act for the prohibition on registering a society with withdrawable share capital with the object of carrying on the business of banking.1A The PRA must notify the FCA if it is satisfied as mentioned in paragraph (f) of subsection (1). 1B The FCA must not register a society under the 2014 Act as a credit union unless— a if the FCA is the appropriate regulator (within the meaning of section 55A of the 2000 Act), it proposes to give that society permission under Part 4A of the 2000 Act to accept deposits; b if the PRA is the appropriate regulator (within the meaning of section 55A of the 2000 Act), the PRA proposes to give that society permission under Part 4A of the 2000 Act to accept deposits. 1C The PRA must notify the FCA if it proposes to give that society permission under Part 4A of the 2000 Act to accept deposits.1D If the FCA registers a society as a credit union , the appropriate regulator (within the meaning of section 55A of the 2000 Act) must determine any outstanding application of that credit union for permission under Part 4A of the 2000 Act to accept deposits as soon as reasonably possible thereafter. 2The conditions referred to in subsection (1)(a) above are—athat the objects of the society are those, and only those, of a credit union; andbthat the requirements of section 1A (common bonds appropriate to a credit union) and, where applicable, section 1B (further requirements where common bond relates to locality) are met.2AThe objects of a credit union are—aeach of the mandatory objects specified in subsection (3), orbeach of those mandatory objects together with the optional object specified in subsection (3ZZA).3The mandatory objects of a credit union are—athe promotion of thrift among the members of the society by the accumulation of their savings;bthe creation of sources of credit for the benefit of the members of the society at a fair and reasonable rate of interest;cthe use and control of the members’ savings for their mutual benefit; anddthe training and education of the members in the wise use of money and in the management of their financial affairs.3ZZAThe optional object of a credit union is to carry on one or more of the financial activities specified in section 1ZA(1) for the benefit of the members of the society.3ZA In subsections (3) and (3ZZA) above references to members do not include corporate members. 3A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3B. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">Specified financial activities</Addition>1ZA1The financial activities specified for the purposes of the optional object of a credit union (see section 1(3ZZA)) are—aentering into conditional sale agreements, as the seller;bentering into hire purchase agreements, as the person from whom goods are bailed or (in Scotland) hired;cinsurance distribution activities.2The Treasury may by regulations specify requirements or restrictions in relation to the carrying on by a credit union of a financial activity specified in subsection (1).<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">Power to specify further financial activities</Addition>1ZB1The Treasury may by regulations—aamend section 1ZA so as to specify further financial activities for the purposes of the optional object of a credit union;bmake such amendments of this Act, or any other enactment, as appear to them to be appropriate in consequence of any provision made under paragraph (a).2Amendments made by regulations under subsection (1) may, in particular, provide that a credit union may carry on a financial activity specified in the regulations if the credit union has the optional object specified in section 1(3ZZA).3Regulations under section 1ZA(2) made in relation to a financial activity specified in regulations under subsection (1) may, in particular, make provision about fees or other charges payable in respect of the activity or activities that are ancillary to the activity.4Before making regulations under this section, the Treasury must consult such persons as appear to them to be appropriate.5A statutory instrument containing (whether alone or with other provision) regulations under this section may not be made unless a draft of the instrument has been laid before, and approved by a resolution of, each House of Parliament.<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">Common bonds appropriate to a credit union</Addition>1A1Under the rules of the society admission to membership must be restricted to persons who fall within one or more common bonds appropriate to a credit union (whether or not any other qualifications for admission to membership are required under the rules).2The common bonds appropriate to a credit union are—afollowing a particular occupation;bbeing employed by a particular employer;cresiding or being employed in a particular locality;dbeing a member of a bona fide organisation or being otherwise associated with other members of the society for a purpose other than that of forming a society to be registered as a credit union;eany other common bond for the time being approved by the FCA.3If the rules of a credit union so provide, a person who is a member of the same household as, and is a relative of, another person who is a member of the credit union and falls directly within a common bond is treated as also falling within that common bond.4For the purposes of this section, a body corporate or a person applying for membership in his capacity as a partner in a partnership or an officer or member of the governing body of an unincorporated association—afalls within the common bond specified in paragraph (a) of subsection (2) if the principal business of the body corporate, partnership or unincorporated association—irequires it to employ or otherwise engage persons who follow that occupation, oriirelates to that occupation in some other way;bfalls within the common bond specified in paragraph (b) of that subsection if the body corporate, partnership or unincorporated association—iemploys the persons who qualify for membership under that common bond, oriiprovides services, or is otherwise related, to that employer;cfalls within the common bond specified in paragraph (c) of that subsection if the body corporate, partnership or unincorporated association has a place of business in, or other significant connection with, that locality; anddfalls within the common bond specified in paragraph (d) of that subsection if the body corporate, partnership or unincorporated association is a member of a bona fide organisation or otherwise associated with other members of the society for the purpose specified in that paragraph.5The FCA may accept as sufficient evidence that the requirement of this section is met a statutory declaration to that effect given by three members and the secretary of the society.<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">Further requirements where common bond relates to locality</Addition>1B1The requirements of this section must be met where—athe rules of a society provide for one or more common bonds involving a connection with a locality, orbthe rules of a society provide for one or more common bonds of such other description as may be specified.2The requirements are—athat the conditions in subsection (3) are met, orbthat extraordinary circumstances exist justifying registration of the society as a credit union.3The conditions are—athat the number of potential members of the society does not exceed two million or such higher figure as may be specified; andbthat it is reasonably practicable for every potential member to participate in votes of the society, serve on the society’s committee and have access to all the services offered by the society.4The FCA may accept as sufficient evidence that the conditions in subsection (3) are met a statutory declaration to that effect given by three members and the secretary of the society.5In this section “specified” means specified by order made by the Treasury. Supplementary and transitional provisions as to registration.21The following provisions of the 2014 Act do not apply in relation to registration as a credit union—asection 2 (societies that may be registered);bsection 4(2) (taking of certain deposits not to be regarded as carrying on the business of banking);csection 14 (content of a society's rules).2Section 3(2) of the 2014 Act (registration) applies to registration as a credit union as if the reference to compliance with the requirements of that Act were, subject to subsection (1) of this section, to compliance with the provisions as to registration of that Act and this Act.3A society whose objects are wholly or substantially the mandatory objects of a credit union within the meaning of section 1(3) above (whether or not the society also has the optional object specified in section 1(3ZZA) above) shall not be registered under the 2014 Act otherwise than as a credit union and, except in the case of a registration made before the commencement of this Act, any such registration shall be void.4A society which at the commencement of this Act is registered under the 1965 Act but whose objects are wholly or substantially those of a credit union within the meaning of section 1(3) above shall take all reasonable steps to have its existing registration cancelled and become registered as a credit union.5Where in accordance with subsection (4) above a society’s existing registration is cancelled on its registration as a credit union, the society shall, notwithstanding anything in section 16(7) or section 3 of the 1965 Act, be taken for all purposes to be the same body corporate before and after the change of registration.6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Use of name “credit union", <Abbreviation Expansion="et cetera" xml:lang="la">etc.</Abbreviation>31The name of every society registered as a credit union shall contain the words “credit union"or, if the rules of the society state that its registered office is to be in Wales, either those words or the words “undeb credyd".2Subject to subsection (3) below, a person shall not, unless registered as a credit union,—ause in reference to himself a name, title or descriptive expression containing the words “credit union" or undeb credyd or any cognate term or any derivative of those words; orbrepresent himself as being a credit union;and any person who contravenes this subsection shall be guilty of an offence and liable on summary conviction to a fine not exceeding level 4 on the standard scale. 3Subsection (2) above does not apply to—athe use, in reference to itself, of a name, title or descriptive expression by any body corporate which falls within subsection (3A) below;b the use by any person or unincorporated association with reference to himself (or itself) of a name which has been approved in writing by the FCA; or cthe use by any officer or employee of—ia credit union,iia body corporate which falls within subsection (3A) below, oriiia person or association which has obtained approval under paragraph (b) above,of a title or descriptive expression indicating his office or post with that credit union, body, person or association.3AA body corporate falls within this subsection if its head office is not in England, Wales or Scotland and it—ahas permission under Part 4A of the 2000 Act to accept deposits;bis exempt from the prohibition imposed by section 19 of that Act in respect of accepting deposits;chas permission under that Act to accept deposits by virtue of qualifying for authorisation under Schedule 3 or 4 to that Act; ordis subject to legal provisions that are similar to the relevant provisions.3BFor the purposes of subsection (3A)(d) above, a body corporate is to be treated as being subject to legal provisions that are similar to the relevant provisions if it is subject to legal provisions which—aprovide that the main activities carried on by the body are accepting deposits from, and lending money to, persons who are members or shareholders of the body;brequire the body to obtain authorisation or approval before it commences business;crequire the members and shareholders of the body to be linked by reference to some common characteristic or circumstance; anddprovide that those from whom the body accepts deposits must be shareholders or members of the body (although the legal provisions may allow for some exceptions to this proposition).3CIn determining, for the purposes of subsection (3A)(d) above, whether a body corporate is subject to legal provisions that are similar to the relevant provisions, regard must be had as to whether the legal provisions to which it is subject require the body to obtain authorisation or approval before it commences business and whether those provisions—aimpose limits on the objects which the body may or must have,bimpose limits on the membership of the body,cimpose restrictions on the kind of activities which the body may carry on,dimpose limits or conditions on the body’s ability to accept deposits,eimpose limits on the value of the shares which any one shareholder may have in the body,fimpose limits on the body’s ability to lend money,which are similar to those imposed by the relevant provisions.3DIn this section—a“legal provisions” includes laws, regulations and administrative provisions;b“relevant provisions” means—ithe provisions of this Act; andiiany provision of or made under the 2014 Act or the 2000 Act so far as it relates to credit unions.4For the purposes of section 10(3) and (4) of the 2014 Act (societies which may be permitted to have a name which does not contain the word “limited") the objects of a credit union shall not be regarded as wholly charitable or benevolent.Word in s. 1(1)(b) omitted (2.7.2002) by virtue of S.I. 2002/1501, arts. 1(1), 2(2)(a)(ii)S. 1(1)(d)(e) inserted (2.7.2002) by S.I. 2002/1501, arts. 1(1), 2(2)(a)(iii)S. 2(6) repealed (1.12.2001) by S.I. 2001/2617, arts. 2(b), 13(1)(2), Sch. 3 Pt. IV para. 266, Sch. 4 (with art. 13(3)); S.I. 2001/3538, art. 2(1)Words in s. 3(1) added (21.12.1993) by 1993 c. 38, ss. 29(2), 36(1).Words in s. 3(2) inserted (21.12.1993) by 1993 c. 38, ss. 29(3), 36(1).Words substituted by virtue of (E.W.) Criminal Justice Act 1982 (c. 48, SIF 39:1), s. 46 and (S.) Criminal Procedure (Scotland) Act 1975 (c. 21, SIF 39:1), s. 289GS. 3(3) substituted (13.2.2003) by Regulatory Reform (Credit Unions) Order 2003 (S.I. 2003/256), arts. 1, 4(2)S. 3(3A)-(3D) inserted (13.2.2003) by Regulatory Reform (Credit Unions) Order 2003 (S.I. 2003/256), arts. 1, 4(3)S. 3(2)(3) in force at 1.9.2003 by S.I. 2003/306, art. 2Ss. 1A, 1B inserted (8.1.2012) by The Legislative Reform (Industrial and Provident Societies and Credit Unions) Order 2011 (S.I. 2011/2687), arts. 1(1)(b), 13 (with arts. 24, 25, 26)S. 1(2)(b) substituted (8.1.2012) by The Legislative Reform (Industrial and Provident Societies and Credit Unions) Order 2011 (S.I. 2011/2687), arts. 1(1)(b), 12(2) (with arts. 24, 25, 26)S. 1(3ZA) inserted (8.1.2012) by The Legislative Reform (Industrial and Provident Societies and Credit Unions) Order 2011 (S.I. 2011/2687), arts. 1(1)(b), 12(3) (with arts. 24, 25, 26)S. 1(3A)-(6) omitted (8.1.2012) by virtue of The Legislative Reform (Industrial and Provident Societies and Credit Unions) Order 2011 (S.I. 2011/2687), arts. 1(1)(b), 12(4) (with arts. 24, 25, 26)S. 1(1A)-(1D) substituted (1.4.2013) for s. 1(1A)(1B) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 6 para. 2(3) (with Sch. 12)Word in s. 1(1)(a) substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 6 para. 2(2)(a) (with Sch. 12)Words in s. 1(1)(d) substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 6 para. 2(2)(b) (with Sch. 12)Word in s. 1(1)(d) omitted (1.4.2013) by virtue of The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 6 para. 2(2)(c) (with Sch. 12) S. 1(1)(e)(f) substituted (1.4.2013) for s. 1(1)(e) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 6 para. 2(2)(d) (with Sch. 12)Word in s. 1A(2)(e) substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 6 para. 3 (with Sch. 12)Word in s. 1A(5) substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 6 para. 3 (with Sch. 12)Word in s. 1B(4) substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 6 para. 4 (with Sch. 12)Word in s. 3(3)(b) substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 6 para. 5(2) (with Sch. 12)Words in s. 3(3A)(a) substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 6 para. 5(3) (with Sch. 12)Words in s. 1(1) substituted (1.8.2014) by Co-operative and Community Benefit Societies Act 2014 (c. 14), s. 154, Sch. 4 para. 2(2)(a) (with Sch. 5)S. 1(1)(aa) inserted (1.8.2014) by Co-operative and Community Benefit Societies Act 2014 (c. 14), s. 154, Sch. 4 para. 2(2)(b) (with Sch. 5)Words in s. 1(1)(e) substituted (1.8.2014) by Co-operative and Community Benefit Societies Act 2014 (c. 14), s. 154, Sch. 4 para. 2(2)(c) (with Sch. 5)Words in s. 1(1)(f) substituted (1.8.2014) by Co-operative and Community Benefit Societies Act 2014 (c. 14), s. 154, Sch. 4 para. 2(2)(d) (with Sch. 5)Words in s. 1(1) omitted (1.8.2014) by virtue of Co-operative and Community Benefit Societies Act 2014 (c. 14), s. 154, Sch. 4 para. 2(2)(e) (with Sch. 5)S. 1(1ZA) inserted (1.8.2014) by Co-operative and Community Benefit Societies Act 2014 (c. 14), s. 154, Sch. 4 para. 2(3) (with Sch. 5)Words in s. 1(1B) substituted (1.8.2014) by Co-operative and Community Benefit Societies Act 2014 (c. 14), s. 154, Sch. 4 para. 2(4) (with Sch. 5)Words in s. 1(1D) substituted (1.8.2014) by Co-operative and Community Benefit Societies Act 2014 (c. 14), s. 154, Sch. 4 para. 2(5) (with Sch. 5)S. 1 heading substituted (1.8.2014) by Co-operative and Community Benefit Societies Act 2014 (c. 14), s. 154, Sch. 4 para. 2(6) (with Sch. 5)S. 2(1)(2) substituted (1.8.2014) by Co-operative and Community Benefit Societies Act 2014 (c. 14), s. 154, Sch. 4 para. 3(2) (with Sch. 5)Words in s. 2(3) substituted (1.8.2014) by Co-operative and Community Benefit Societies Act 2014 (c. 14), s. 154, Sch. 4 para. 3(3) (with Sch. 5)Words in s. 3(3D)(b)(ii) substituted (1.8.2014) by Co-operative and Community Benefit Societies Act 2014 (c. 14), s. 154, Sch. 4 para. 4(2) (with Sch. 5)Words in s. 3(4) substituted (1.8.2014) by Co-operative and Community Benefit Societies Act 2014 (c. 14), s. 154, Sch. 4 para. 4(3) (with Sch. 5)Ss. 1ZA, 1ZB inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 14 para. 3; S.I. 2023/779, reg. 4(eee)S. 1(2A) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 14 para. 2(2); S.I. 2023/779, reg. 4(eee)S. 1(3ZZA) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 14 para. 2(4); S.I. 2023/779, reg. 4(eee)Words in s. 1(3ZA) substituted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 14 para. 2(5); S.I. 2023/779, reg. 4(eee)Word in s. 1(3) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 14 para. 2(3); S.I. 2023/779, reg. 4(eee)Words in s. 2(3) substituted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 14 para. 4(a); S.I. 2023/779, reg. 4(eee)Words in s. 2(3) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 14 para. 4(b); S.I. 2023/779, reg. 4(eee)
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<dc:title>Credit Unions Act 1979</dc:title>
<dc:description>An Act to enable certain societies in Great Britain to be registered under the Industrial and Provident Societies Act 1965 as credit unions; to make further provision with respect to societies so registered; to make provision with respect to the taxation of societies so registered and of Northern Ireland credit unions; to enable reciprocal arrangements to be made in relation to Northern Ireland credit unions; to facilitate the amendment of the Industrial and Provident Societies Act (Northern Ireland) 1969; and for connected purposes.</dc:description>
<dc:date>1979-06-30</dc:date>
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<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/1979/34/crossheading/registration-as-a-credit-union/2003-09-01" title="2003-09-01"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/1979/34/crossheading/registration-as-a-credit-union/2012-01-08" title="2012-01-08"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/1979/34/crossheading/registration-as-a-credit-union/2013-04-01" title="2013-04-01"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/1979/34/crossheading/registration-as-a-credit-union/2014-08-01" title="2014-08-01"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/1979/34/crossheading/registration-as-a-credit-union/2023-08-29" title="2023-08-29"/>
<atom:link rel="up" href="http://www.legislation.gov.uk/ukpga/1979/34" title="Entire legislation"/>
<atom:link rel="prev" href="http://www.legislation.gov.uk/ukpga/1979/34/introduction" title="Introduction; Introduction"/>
<atom:link rel="prevInForce" href="http://www.legislation.gov.uk/ukpga/1979/34/introduction" title="Introduction; Introduction"/>
<atom:link rel="next" href="http://www.legislation.gov.uk/ukpga/1979/34/crossheading/rules-and-membership" title="Crossheading; Crossheading; Rules and membership"/>
<atom:link rel="nextInForce" href="http://www.legislation.gov.uk/ukpga/1979/34/crossheading/rules-and-membership" title="Crossheading; Crossheading; Rules and membership"/>
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<ukm:Number Value="34"/>
<ukm:EnactmentDate Date="1979-04-04"/>
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<Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/crossheading/registration-as-a-credit-union" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/crossheading/registration-as-a-credit-union" NumberOfProvisions="7" id="crossheading-registration-as-a-credit-union" RestrictExtent="E+W+S" RestrictStartDate="2023-08-29">
<Title> Registration as a credit union</Title>
<P1group RestrictExtent="E+W+S" RestrictStartDate="2023-08-29">
<Title>
<Substitution ChangeId="key-b77950da78b8a2fb23962d4473882e21-1439025702147" CommentaryRef="key-b77950da78b8a2fb23962d4473882e21"> Registration.</Substitution>
</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1" id="section-1">
<Pnumber>1</Pnumber>
<P1para>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1/1" id="section-1-1">
<Pnumber>1</Pnumber>
<P2para>
<Text>
<Substitution ChangeId="key-b96d1df4b9d5062992c4a1fab55cedc9-1439025121217" CommentaryRef="key-b96d1df4b9d5062992c4a1fab55cedc9"> A society may be registered under the Co-operative and Community Benefit Societies Act 2014 (“</Substitution>
<Term id="term-the-2014-act">
<Substitution ChangeId="key-b96d1df4b9d5062992c4a1fab55cedc9-1439025121217" CommentaryRef="key-b96d1df4b9d5062992c4a1fab55cedc9">the 2014 Act</Substitution>
</Term>
<Substitution ChangeId="key-b96d1df4b9d5062992c4a1fab55cedc9-1439025121217" CommentaryRef="key-b96d1df4b9d5062992c4a1fab55cedc9">”) as a credit union if— </Substitution>
</Text>
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<Pnumber>a</Pnumber>
<P3para>
<Text>
it is shown to the satisfaction of the
<Abbreviation Expansion="Financial Conduct Authority">
<Substitution ChangeId="key-d6612555a11edc3f8f7fcc1d9e5d8296-1438533224881" CommentaryRef="key-d6612555a11edc3f8f7fcc1d9e5d8296">FCA</Substitution>
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that the conditions specified in subsection (2) below are fulfilled;
</Text>
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<Pnumber>
<Addition ChangeId="key-eff60bae57ceb3c7d9e37f76dba7140d-1439025156129" CommentaryRef="key-eff60bae57ceb3c7d9e37f76dba7140d">aa</Addition>
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<Text>
<Addition ChangeId="key-eff60bae57ceb3c7d9e37f76dba7140d-1439025156129" CommentaryRef="key-eff60bae57ceb3c7d9e37f76dba7140d">the society has at least 21 members;</Addition>
</Text>
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</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1/1/b" id="section-1-1-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>
the rules of the society comply with section 4(1) below;
<CommentaryRef Ref="c911473"/>
. . .
</Text>
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</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1/1/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1/1/c" id="section-1-1-c">
<Pnumber>c</Pnumber>
<P3para>
<Text>the place which under those rules is to be the society’s registered office is situated in Great Britain;</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1/1/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1/1/d" id="section-1-1-d">
<Pnumber>
<Addition ChangeId="d30p89" CommentaryRef="c911474">d</Addition>
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<P3para>
<Text>
<Addition ChangeId="d30p89" CommentaryRef="c911474"> the society has made an application </Addition>
<Addition ChangeId="d30p89" CommentaryRef="c911474">
<Substitution ChangeId="key-b4eb6034226bfeca42feb033caeb6425-1438533383206" CommentaryRef="key-b4eb6034226bfeca42feb033caeb6425"> for permission under Part 4A </Substitution>
</Addition>
<Addition ChangeId="d30p89" CommentaryRef="c911474"> of the Financial Services and Markets Act 2000 (in this Act referred to as “the 2000 Act") to accept deposits; </Addition>
<CommentaryRef Ref="key-8414a8feb5d39ab4ce172aaf956b7d54"/>
<Addition ChangeId="d30p89" CommentaryRef="c911474"> ... </Addition>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1/1/e" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1/1/e" id="section-1-1-e">
<Pnumber>
<Substitution ChangeId="key-85b1b84c1346d8cedcfa177bca8537fd-1438533647221" CommentaryRef="key-85b1b84c1346d8cedcfa177bca8537fd">e</Substitution>
</Pnumber>
<P3para>
<Text>
<Substitution ChangeId="key-85b1b84c1346d8cedcfa177bca8537fd-1438533647221" CommentaryRef="key-85b1b84c1346d8cedcfa177bca8537fd"> the </Substitution>
<Substitution ChangeId="key-85b1b84c1346d8cedcfa177bca8537fd-1438533647221" CommentaryRef="key-85b1b84c1346d8cedcfa177bca8537fd">FCA</Substitution>
<Substitution ChangeId="key-85b1b84c1346d8cedcfa177bca8537fd-1438533647221" CommentaryRef="key-85b1b84c1346d8cedcfa177bca8537fd"> is satisfied that, once registered under </Substitution>
<Substitution ChangeId="key-85b1b84c1346d8cedcfa177bca8537fd-1438533647221" CommentaryRef="key-85b1b84c1346d8cedcfa177bca8537fd">
<Substitution ChangeId="key-3a6b2d200cba3158af362c39ab031fe2-1439025246064" CommentaryRef="key-3a6b2d200cba3158af362c39ab031fe2"> the 2014 Act </Substitution>
</Substitution>
<Substitution ChangeId="key-85b1b84c1346d8cedcfa177bca8537fd-1438533647221" CommentaryRef="key-85b1b84c1346d8cedcfa177bca8537fd">, the society will satisfy, and continue to satisfy, the threshold conditions (within the meaning of section 55B(1) of the 2000 Act) for which the </Substitution>
<Substitution ChangeId="key-85b1b84c1346d8cedcfa177bca8537fd-1438533647221" CommentaryRef="key-85b1b84c1346d8cedcfa177bca8537fd">FCA</Substitution>
<Substitution ChangeId="key-85b1b84c1346d8cedcfa177bca8537fd-1438533647221" CommentaryRef="key-85b1b84c1346d8cedcfa177bca8537fd"> is responsible in relation to the regulated activity of accepting deposits; and </Substitution>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1/1/f" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1/1/f" id="section-1-1-f">
<Pnumber>
<Substitution ChangeId="key-85b1b84c1346d8cedcfa177bca8537fd-1438533647221" CommentaryRef="key-85b1b84c1346d8cedcfa177bca8537fd">f</Substitution>
</Pnumber>
<P3para>
<Text>
<Substitution ChangeId="key-85b1b84c1346d8cedcfa177bca8537fd-1438533647221" CommentaryRef="key-85b1b84c1346d8cedcfa177bca8537fd"> the </Substitution>
<Abbreviation Expansion="Prudential Regulation Authority">
<Substitution ChangeId="key-85b1b84c1346d8cedcfa177bca8537fd-1438533647221" CommentaryRef="key-85b1b84c1346d8cedcfa177bca8537fd">PRA</Substitution>
</Abbreviation>
<Substitution ChangeId="key-85b1b84c1346d8cedcfa177bca8537fd-1438533647221" CommentaryRef="key-85b1b84c1346d8cedcfa177bca8537fd"> is satisfied that, once registered under </Substitution>
<Substitution ChangeId="key-85b1b84c1346d8cedcfa177bca8537fd-1438533647221" CommentaryRef="key-85b1b84c1346d8cedcfa177bca8537fd">
<Substitution ChangeId="key-a4087d554f8811b71c8fbb8bf4bfb05c-1439025304845" CommentaryRef="key-a4087d554f8811b71c8fbb8bf4bfb05c"> the 2014 Act </Substitution>
</Substitution>
<Substitution ChangeId="key-85b1b84c1346d8cedcfa177bca8537fd-1438533647221" CommentaryRef="key-85b1b84c1346d8cedcfa177bca8537fd">, the society will satisfy, and continue to satisfy, the threshold conditions (within the meaning of section 55B(1) of the 2000 Act) for which the </Substitution>
<Substitution ChangeId="key-85b1b84c1346d8cedcfa177bca8537fd-1438533647221" CommentaryRef="key-85b1b84c1346d8cedcfa177bca8537fd">PRA</Substitution>
<Substitution ChangeId="key-85b1b84c1346d8cedcfa177bca8537fd-1438533647221" CommentaryRef="key-85b1b84c1346d8cedcfa177bca8537fd"> is responsible in relation to the regulated activity of accepting deposits. </Substitution>
</Text>
</P3para>
</P3>
<Text>
and a society which is so registered by virtue of this section
<CommentaryRef Ref="key-2777eb3b5f5e5d2bc7e2296f8e19ea08"/>
... is in this Act referred to as, a “credit union".
</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1/1ZA" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1/1ZA" id="section-1-1ZA">
<Pnumber>
<Addition ChangeId="key-4bca70336aa4eecbca348d9bd1ab76e4-1439025483605" CommentaryRef="key-4bca70336aa4eecbca348d9bd1ab76e4">1ZA</Addition>
</Pnumber>
<P2para>
<Text>
<Addition ChangeId="key-4bca70336aa4eecbca348d9bd1ab76e4-1439025483605" CommentaryRef="key-4bca70336aa4eecbca348d9bd1ab76e4">See section 4 of the 2014 Act for the prohibition on registering a society with withdrawable share capital with the object of carrying on the business of banking.</Addition>
</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1/1A" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1/1A" id="section-1-1A">
<Pnumber>
<Substitution ChangeId="key-3c9f6f102b9e57095f7d9e6c26afac05-1438531494742" CommentaryRef="key-3c9f6f102b9e57095f7d9e6c26afac05">1A</Substitution>
</Pnumber>
<P2para>
<Text>
<Substitution ChangeId="key-3c9f6f102b9e57095f7d9e6c26afac05-1438531494742" CommentaryRef="key-3c9f6f102b9e57095f7d9e6c26afac05"> The </Substitution>
<Substitution ChangeId="key-3c9f6f102b9e57095f7d9e6c26afac05-1438531494742" CommentaryRef="key-3c9f6f102b9e57095f7d9e6c26afac05">PRA</Substitution>
<Substitution ChangeId="key-3c9f6f102b9e57095f7d9e6c26afac05-1438531494742" CommentaryRef="key-3c9f6f102b9e57095f7d9e6c26afac05"> must notify the </Substitution>
<Substitution ChangeId="key-3c9f6f102b9e57095f7d9e6c26afac05-1438531494742" CommentaryRef="key-3c9f6f102b9e57095f7d9e6c26afac05">FCA</Substitution>
<Substitution ChangeId="key-3c9f6f102b9e57095f7d9e6c26afac05-1438531494742" CommentaryRef="key-3c9f6f102b9e57095f7d9e6c26afac05"> if it is satisfied as mentioned in paragraph (f) of subsection (1). </Substitution>
</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1/1B" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1/1B" id="section-1-1B">
<Pnumber>
<Substitution ChangeId="key-3c9f6f102b9e57095f7d9e6c26afac05-1438531494742" CommentaryRef="key-3c9f6f102b9e57095f7d9e6c26afac05">1B</Substitution>
</Pnumber>
<P2para>
<Text>
<Substitution ChangeId="key-3c9f6f102b9e57095f7d9e6c26afac05-1438531494742" CommentaryRef="key-3c9f6f102b9e57095f7d9e6c26afac05"> The </Substitution>
<Substitution ChangeId="key-3c9f6f102b9e57095f7d9e6c26afac05-1438531494742" CommentaryRef="key-3c9f6f102b9e57095f7d9e6c26afac05">FCA</Substitution>
<Substitution ChangeId="key-3c9f6f102b9e57095f7d9e6c26afac05-1438531494742" CommentaryRef="key-3c9f6f102b9e57095f7d9e6c26afac05"> must not </Substitution>
<Substitution ChangeId="key-3c9f6f102b9e57095f7d9e6c26afac05-1438531494742" CommentaryRef="key-3c9f6f102b9e57095f7d9e6c26afac05">
<Substitution ChangeId="key-9c035265fe667081dff3560b504348a7-1439025586894" CommentaryRef="key-9c035265fe667081dff3560b504348a7"> register a society under the 2014 Act as a credit union </Substitution>
</Substitution>
<Substitution ChangeId="key-3c9f6f102b9e57095f7d9e6c26afac05-1438531494742" CommentaryRef="key-3c9f6f102b9e57095f7d9e6c26afac05"> unless— </Substitution>
</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1/1B/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1/1B/a" id="section-1-1B-a">
<Pnumber>
<Substitution ChangeId="key-3c9f6f102b9e57095f7d9e6c26afac05-1438531494742" CommentaryRef="key-3c9f6f102b9e57095f7d9e6c26afac05">a</Substitution>
</Pnumber>
<P3para>
<Text>
<Substitution ChangeId="key-3c9f6f102b9e57095f7d9e6c26afac05-1438531494742" CommentaryRef="key-3c9f6f102b9e57095f7d9e6c26afac05"> if the </Substitution>
<Substitution ChangeId="key-3c9f6f102b9e57095f7d9e6c26afac05-1438531494742" CommentaryRef="key-3c9f6f102b9e57095f7d9e6c26afac05">FCA</Substitution>
<Substitution ChangeId="key-3c9f6f102b9e57095f7d9e6c26afac05-1438531494742" CommentaryRef="key-3c9f6f102b9e57095f7d9e6c26afac05"> is the appropriate regulator (within the meaning of section 55A of the 2000 Act), it proposes to give that society permission under Part 4A of the 2000 Act to accept deposits; </Substitution>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1/1B/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1/1B/b" id="section-1-1B-b">
<Pnumber>
<Substitution ChangeId="key-3c9f6f102b9e57095f7d9e6c26afac05-1438531494742" CommentaryRef="key-3c9f6f102b9e57095f7d9e6c26afac05">b</Substitution>
</Pnumber>
<P3para>
<Text>
<Substitution ChangeId="key-3c9f6f102b9e57095f7d9e6c26afac05-1438531494742" CommentaryRef="key-3c9f6f102b9e57095f7d9e6c26afac05"> if the </Substitution>
<Substitution ChangeId="key-3c9f6f102b9e57095f7d9e6c26afac05-1438531494742" CommentaryRef="key-3c9f6f102b9e57095f7d9e6c26afac05">PRA</Substitution>
<Substitution ChangeId="key-3c9f6f102b9e57095f7d9e6c26afac05-1438531494742" CommentaryRef="key-3c9f6f102b9e57095f7d9e6c26afac05"> is the appropriate regulator (within the meaning of section 55A of the 2000 Act), the </Substitution>
<Substitution ChangeId="key-3c9f6f102b9e57095f7d9e6c26afac05-1438531494742" CommentaryRef="key-3c9f6f102b9e57095f7d9e6c26afac05">PRA</Substitution>
<Substitution ChangeId="key-3c9f6f102b9e57095f7d9e6c26afac05-1438531494742" CommentaryRef="key-3c9f6f102b9e57095f7d9e6c26afac05"> proposes to give that society permission under Part 4A of the 2000 Act to accept deposits. </Substitution>
</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1/1C" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1/1C" id="section-1-1C">
<Pnumber>
<Substitution ChangeId="key-3c9f6f102b9e57095f7d9e6c26afac05-1438531494742" CommentaryRef="key-3c9f6f102b9e57095f7d9e6c26afac05">1C</Substitution>
</Pnumber>
<P2para>
<Text>
<Substitution ChangeId="key-3c9f6f102b9e57095f7d9e6c26afac05-1438531494742" CommentaryRef="key-3c9f6f102b9e57095f7d9e6c26afac05"> The </Substitution>
<Substitution ChangeId="key-3c9f6f102b9e57095f7d9e6c26afac05-1438531494742" CommentaryRef="key-3c9f6f102b9e57095f7d9e6c26afac05">PRA</Substitution>
<Substitution ChangeId="key-3c9f6f102b9e57095f7d9e6c26afac05-1438531494742" CommentaryRef="key-3c9f6f102b9e57095f7d9e6c26afac05"> must notify the </Substitution>
<Substitution ChangeId="key-3c9f6f102b9e57095f7d9e6c26afac05-1438531494742" CommentaryRef="key-3c9f6f102b9e57095f7d9e6c26afac05">FCA</Substitution>
<Substitution ChangeId="key-3c9f6f102b9e57095f7d9e6c26afac05-1438531494742" CommentaryRef="key-3c9f6f102b9e57095f7d9e6c26afac05"> if it proposes to give that society permission under Part 4A of the 2000 Act to accept deposits.</Substitution>
</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1/1D" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1/1D" id="section-1-1D">
<Pnumber>
<Substitution ChangeId="key-3c9f6f102b9e57095f7d9e6c26afac05-1438531494742" CommentaryRef="key-3c9f6f102b9e57095f7d9e6c26afac05">1D</Substitution>
</Pnumber>
<P2para>
<Text>
<Substitution ChangeId="key-3c9f6f102b9e57095f7d9e6c26afac05-1438531494742" CommentaryRef="key-3c9f6f102b9e57095f7d9e6c26afac05"> If the </Substitution>
<Substitution ChangeId="key-3c9f6f102b9e57095f7d9e6c26afac05-1438531494742" CommentaryRef="key-3c9f6f102b9e57095f7d9e6c26afac05">FCA</Substitution>
<Substitution ChangeId="key-3c9f6f102b9e57095f7d9e6c26afac05-1438531494742" CommentaryRef="key-3c9f6f102b9e57095f7d9e6c26afac05">
<Substitution ChangeId="key-79d887e64e431ac1543a69ad880b7284-1439025655331" CommentaryRef="key-79d887e64e431ac1543a69ad880b7284"> registers a society as a credit union </Substitution>
</Substitution>
<Substitution ChangeId="key-3c9f6f102b9e57095f7d9e6c26afac05-1438531494742" CommentaryRef="key-3c9f6f102b9e57095f7d9e6c26afac05">, the appropriate regulator (within the meaning of section 55A of the 2000 Act) must determine any outstanding application of that credit union for permission under Part 4A of the 2000 Act to accept deposits as soon as reasonably possible thereafter. </Substitution>
</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1/2" id="section-1-2">
<Pnumber>2</Pnumber>
<P2para>
<Text>
The conditions referred to in subsection (1)(
<Emphasis>a</Emphasis>
) above are—
</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1/2/a" id="section-1-2-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>that the objects of the society are those, and only those, of a credit union; and</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1/2/b" id="section-1-2-b">
<Pnumber>
<Substitution ChangeId="key-43b3c653edd9d5af0fddcfb01c5e1d17-1438519186827" CommentaryRef="key-43b3c653edd9d5af0fddcfb01c5e1d17">b</Substitution>
</Pnumber>
<P3para>
<Text>
<Substitution ChangeId="key-43b3c653edd9d5af0fddcfb01c5e1d17-1438519186827" CommentaryRef="key-43b3c653edd9d5af0fddcfb01c5e1d17">that the requirements of section 1A (common bonds appropriate to a credit union) and, where applicable, section 1B (further requirements where common bond relates to locality) are met.</Substitution>
</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1/2A" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1/2A" id="section-1-2A">
<Pnumber>
<Addition ChangeId="key-a691ebe1d58f32c13c626946c1d494e8-1697478055664" CommentaryRef="key-a691ebe1d58f32c13c626946c1d494e8">2A</Addition>
</Pnumber>
<P2para>
<Text>
<Addition ChangeId="key-a691ebe1d58f32c13c626946c1d494e8-1697478055664" CommentaryRef="key-a691ebe1d58f32c13c626946c1d494e8">The objects of a credit union are—</Addition>
</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1/2A/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1/2A/a" id="section-1-2A-a">
<Pnumber>
<Addition ChangeId="key-a691ebe1d58f32c13c626946c1d494e8-1697478055664" CommentaryRef="key-a691ebe1d58f32c13c626946c1d494e8">a</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-a691ebe1d58f32c13c626946c1d494e8-1697478055664" CommentaryRef="key-a691ebe1d58f32c13c626946c1d494e8">each of the mandatory objects specified in subsection (3), or</Addition>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1/2A/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1/2A/b" id="section-1-2A-b">
<Pnumber>
<Addition ChangeId="key-a691ebe1d58f32c13c626946c1d494e8-1697478055664" CommentaryRef="key-a691ebe1d58f32c13c626946c1d494e8">b</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-a691ebe1d58f32c13c626946c1d494e8-1697478055664" CommentaryRef="key-a691ebe1d58f32c13c626946c1d494e8">each of those mandatory objects together with the optional object specified in subsection </Addition>
<InternalLink Ref="p01004">
<Addition ChangeId="key-a691ebe1d58f32c13c626946c1d494e8-1697478055664" CommentaryRef="key-a691ebe1d58f32c13c626946c1d494e8">(3ZZA)</Addition>
</InternalLink>
<Addition ChangeId="key-a691ebe1d58f32c13c626946c1d494e8-1697478055664" CommentaryRef="key-a691ebe1d58f32c13c626946c1d494e8">.</Addition>
</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1/3" id="section-1-3">
<Pnumber>3</Pnumber>
<P2para>
<Text>
The
<Addition ChangeId="key-a7bd633f0f084ac1d39928d4a2e4121a-1697478514185" CommentaryRef="key-a7bd633f0f084ac1d39928d4a2e4121a">mandatory</Addition>
objects of a credit union are—
</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1/3/a" id="section-1-3-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>the promotion of thrift among the members of the society by the accumulation of their savings;</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1/3/b" id="section-1-3-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>the creation of sources of credit for the benefit of the members of the society at a fair and reasonable rate of interest;</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1/3/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1/3/c" id="section-1-3-c">
<Pnumber>c</Pnumber>
<P3para>
<Text>the use and control of the members’ savings for their mutual benefit; and</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1/3/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1/3/d" id="section-1-3-d">
<Pnumber>d</Pnumber>
<P3para>
<Text>the training and education of the members in the wise use of money and in the management of their financial affairs.</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1/3ZZA" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1/3ZZA" id="section-1-3ZZA">
<Pnumber>
<Addition ChangeId="key-b8a4245a27b093995e0e62d0df95e33d-1697478271284" CommentaryRef="key-b8a4245a27b093995e0e62d0df95e33d">3ZZA</Addition>
</Pnumber>
<P2para>
<Text>
<Addition ChangeId="key-b8a4245a27b093995e0e62d0df95e33d-1697478271284" CommentaryRef="key-b8a4245a27b093995e0e62d0df95e33d">The optional object of a credit union is to carry on one or more of the financial activities specified in section </Addition>
<InternalLink Ref="p01005">
<Addition ChangeId="key-b8a4245a27b093995e0e62d0df95e33d-1697478271284" CommentaryRef="key-b8a4245a27b093995e0e62d0df95e33d">1ZA</Addition>
</InternalLink>
<InternalLink Ref="p01006">
<Addition ChangeId="key-b8a4245a27b093995e0e62d0df95e33d-1697478271284" CommentaryRef="key-b8a4245a27b093995e0e62d0df95e33d">(1)</Addition>
</InternalLink>
<Addition ChangeId="key-b8a4245a27b093995e0e62d0df95e33d-1697478271284" CommentaryRef="key-b8a4245a27b093995e0e62d0df95e33d"> for the benefit of the members of the society.</Addition>
</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1/3ZA" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1/3ZA" id="section-1-3ZA">
<Pnumber>
<Addition ChangeId="key-8d74c42c0092722e57e659577a7d4229-1438519307024" CommentaryRef="key-8d74c42c0092722e57e659577a7d4229">3ZA</Addition>
</Pnumber>
<P2para>
<Text>
<Addition ChangeId="key-8d74c42c0092722e57e659577a7d4229-1438519307024" CommentaryRef="key-8d74c42c0092722e57e659577a7d4229"> In </Addition>
<Addition ChangeId="key-8d74c42c0092722e57e659577a7d4229-1438519307024" CommentaryRef="key-8d74c42c0092722e57e659577a7d4229">
<Substitution ChangeId="key-02839f2d4ecf9ca84713bccfe2c6c629-1697478461877" CommentaryRef="key-02839f2d4ecf9ca84713bccfe2c6c629">subsections (3) and </Substitution>
</Addition>
<InternalLink Ref="p01004">
<Addition ChangeId="key-8d74c42c0092722e57e659577a7d4229-1438519307024" CommentaryRef="key-8d74c42c0092722e57e659577a7d4229">
<Substitution ChangeId="key-02839f2d4ecf9ca84713bccfe2c6c629-1697478461877" CommentaryRef="key-02839f2d4ecf9ca84713bccfe2c6c629">(3ZZA)</Substitution>
</Addition>
</InternalLink>
<Addition ChangeId="key-8d74c42c0092722e57e659577a7d4229-1438519307024" CommentaryRef="key-8d74c42c0092722e57e659577a7d4229"> above references to members do not include corporate members. </Addition>
<Character Name="NonBreakingSpace"/>
</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1/3A" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1/3A" id="section-1-3A" RestrictStartDate="2012-01-08">
<Pnumber>
<CommentaryRef Ref="key-1751a33c61e3c46f5cdb2364073e0432"/>
3A
</Pnumber>
<P2para>
<Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1/3B" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1/3B" id="section-1-3B" RestrictStartDate="2012-01-08">
<Pnumber>
<CommentaryRef Ref="key-1751a33c61e3c46f5cdb2364073e0432"/>
3B
</Pnumber>
<P2para>
<Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1/4" id="section-1-4" RestrictStartDate="2012-01-08">
<Pnumber>
<CommentaryRef Ref="key-1751a33c61e3c46f5cdb2364073e0432"/>
4
</Pnumber>
<P2para>
<Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1/5" id="section-1-5" RestrictStartDate="2012-01-08">
<Pnumber>
<CommentaryRef Ref="key-1751a33c61e3c46f5cdb2364073e0432"/>
5
</Pnumber>
<P2para>
<Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1/6" id="section-1-6" RestrictStartDate="2012-01-08">
<Pnumber>
<CommentaryRef Ref="key-1751a33c61e3c46f5cdb2364073e0432"/>
6
</Pnumber>
<P2para>
<Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text>
</P2para>
</P2>
</P1para>
</P1>
</P1group>
<P1group RestrictStartDate="2023-08-29" id="p01005" ConfersPower="true">
<Title>
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">Specified financial activities</Addition>
</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1ZA" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1ZA" id="section-1ZA">
<Pnumber>
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">1ZA</Addition>
</Pnumber>
<P1para>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1ZA/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1ZA/1" id="section-1ZA-1">
<Pnumber>
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">1</Addition>
</Pnumber>
<P2para>
<Text>
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">The financial activities specified for the purposes of the optional object of a credit union (see section 1</Addition>
<InternalLink Ref="p01004">
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">(3ZZA)</Addition>
</InternalLink>
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">) are—</Addition>
</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1ZA/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1ZA/1/a" id="section-1ZA-1-a">
<Pnumber>
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">a</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">entering into conditional sale agreements, as the seller;</Addition>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1ZA/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1ZA/1/b" id="section-1ZA-1-b">
<Pnumber>
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">b</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">entering into hire purchase agreements, as the person from whom goods are bailed or (in Scotland) hired;</Addition>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1ZA/1/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1ZA/1/c" id="section-1ZA-1-c">
<Pnumber>
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">c</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">insurance distribution activities.</Addition>
</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1ZA/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1ZA/2" id="section-1ZA-2">
<Pnumber>
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">2</Addition>
</Pnumber>
<P2para>
<Text>
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">The Treasury may by regulations specify requirements or restrictions in relation to the carrying on by a credit union of a financial activity specified in subsection </Addition>
<InternalLink Ref="p01006">
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">(1)</Addition>
</InternalLink>
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">.</Addition>
</Text>
</P2para>
</P2>
</P1para>
</P1>
</P1group>
<P1group id="p01008" RestrictStartDate="2023-08-29" ConfersPower="true">
<Title>
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">Power to specify further financial activities</Addition>
</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1ZB" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1ZB" id="section-1ZB">
<Pnumber>
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">1ZB</Addition>
</Pnumber>
<P1para>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1ZB/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1ZB/1" id="section-1ZB-1">
<Pnumber>
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">1</Addition>
</Pnumber>
<P2para>
<Text>
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">The Treasury may by regulations—</Addition>
</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1ZB/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1ZB/1/a" id="section-1ZB-1-a">
<Pnumber>
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">a</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">amend section </Addition>
<InternalLink Ref="p01005">
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">1ZA</Addition>
</InternalLink>
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb"> so as to specify further financial activities for the purposes of the optional object of a credit union;</Addition>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1ZB/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1ZB/1/b" id="section-1ZB-1-b">
<Pnumber>
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">b</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">make such amendments of this Act, or any other enactment, as appear to them to be appropriate in consequence of any provision made under paragraph </Addition>
<InternalLink Ref="p01010">
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">(a)</Addition>
</InternalLink>
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">.</Addition>
</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1ZB/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1ZB/2" id="section-1ZB-2">
<Pnumber>
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">2</Addition>
</Pnumber>
<P2para>
<Text>
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">Amendments made by regulations under subsection </Addition>
<InternalLink Ref="p01009">
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">(1)</Addition>
</InternalLink>
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb"> may, in particular, provide that a credit union may carry on a financial activity specified in the regulations if the credit union has the optional object specified in section 1</Addition>
<InternalLink Ref="p01004">
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">(3ZZA)</Addition>
</InternalLink>
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">.</Addition>
</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1ZB/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1ZB/3" id="section-1ZB-3">
<Pnumber>
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">3</Addition>
</Pnumber>
<P2para>
<Text>
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">Regulations under section </Addition>
<InternalLink Ref="p01005">
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">1ZA</Addition>
</InternalLink>
<InternalLink Ref="p01007">
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">(2)</Addition>
</InternalLink>
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb"> made in relation to a financial activity specified in regulations under subsection </Addition>
<InternalLink Ref="p01009">
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">(1)</Addition>
</InternalLink>
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb"> may, in particular, make provision about fees or other charges payable in respect of the activity or activities that are ancillary to the activity.</Addition>
</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1ZB/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1ZB/4" id="section-1ZB-4">
<Pnumber>
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">4</Addition>
</Pnumber>
<P2para>
<Text>
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">Before making regulations under this section, the Treasury must consult such persons as appear to them to be appropriate.</Addition>
</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1ZB/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1ZB/5" id="section-1ZB-5">
<Pnumber>
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">5</Addition>
</Pnumber>
<P2para>
<Text>
<Addition ChangeId="key-4883484ef6d8ea2c255403586c875abb-1697464801289" CommentaryRef="key-4883484ef6d8ea2c255403586c875abb">A statutory instrument containing (whether alone or with other provision) regulations under this section may not be made unless a draft of the instrument has been laid before, and approved by a resolution of, each House of Parliament.</Addition>
</Text>
</P2para>
</P2>
</P1para>
</P1>
</P1group>
<P1group RestrictStartDate="2013-04-01">
<Title>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">Common bonds appropriate to a credit union</Addition>
</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1A" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1A" id="section-1A">
<Pnumber PuncAfter=".">
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">1A</Addition>
</Pnumber>
<P1para>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1A/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1A/1" id="section-1A-1">
<Pnumber>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">1</Addition>
</Pnumber>
<P2para>
<Text>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">Under the rules of the society admission to membership must be restricted to persons who fall within one or more common bonds appropriate to a credit union (whether or not any other qualifications for admission to membership are required under the rules).</Addition>
</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1A/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1A/2" id="section-1A-2">
<Pnumber>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">2</Addition>
</Pnumber>
<P2para>
<Text>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">The common bonds appropriate to a credit union are—</Addition>
</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1A/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1A/2/a" id="section-1A-2-a">
<Pnumber>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">a</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">following a particular occupation;</Addition>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1A/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1A/2/b" id="section-1A-2-b">
<Pnumber>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">b</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">being employed by a particular employer;</Addition>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1A/2/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1A/2/c" id="section-1A-2-c">
<Pnumber>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">c</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">residing or being employed in a particular locality;</Addition>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1A/2/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1A/2/d" id="section-1A-2-d">
<Pnumber>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">d</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">being a member of a bona fide organisation or being otherwise associated with other members of the society for a purpose other than that of forming a society to be registered as a credit union;</Addition>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1A/2/e" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1A/2/e" id="section-1A-2-e">
<Pnumber>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">e</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">any other common bond for the time being approved by the </Addition>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">
<Substitution ChangeId="key-4752e2e984a6334be3f7d343e632dd22-1438534661231" CommentaryRef="key-4752e2e984a6334be3f7d343e632dd22">FCA</Substitution>
</Addition>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">.</Addition>
</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1A/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1A/3" id="section-1A-3">
<Pnumber>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">3</Addition>
</Pnumber>
<P2para>
<Text>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">If the rules of a credit union so provide, a person who is a member of the same household as, and is a relative of, another person who is a member of the credit union and falls directly within a common bond is treated as also falling within that common bond.</Addition>
</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1A/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1A/4" id="section-1A-4">
<Pnumber>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">4</Addition>
</Pnumber>
<P2para>
<Text>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">For the purposes of this section, a body corporate or a person applying for membership in his capacity as a partner in a partnership or an officer or member of the governing body of an unincorporated association—</Addition>
</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1A/4/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1A/4/a" id="section-1A-4-a">
<Pnumber>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">a</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">falls within the common bond specified in paragraph (a) of subsection (2) if the principal business of the body corporate, partnership or unincorporated association—</Addition>
</Text>
<P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1A/4/a/i" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1A/4/a/i" id="section-1A-4-a-i">
<Pnumber>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">i</Addition>
</Pnumber>
<P4para>
<Text>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">requires it to employ or otherwise engage persons who follow that occupation, or</Addition>
</Text>
</P4para>
</P4>
<P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1A/4/a/ii" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1A/4/a/ii" id="section-1A-4-a-ii">
<Pnumber>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">ii</Addition>
</Pnumber>
<P4para>
<Text>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">relates to that occupation in some other way;</Addition>
</Text>
</P4para>
</P4>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1A/4/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1A/4/b" id="section-1A-4-b">
<Pnumber>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">b</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">falls within the common bond specified in paragraph (b) of that subsection if the body corporate, partnership or unincorporated association—</Addition>
</Text>
<P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1A/4/b/i" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1A/4/b/i" id="section-1A-4-b-i">
<Pnumber>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">i</Addition>
</Pnumber>
<P4para>
<Text>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">employs the persons who qualify for membership under that common bond, or</Addition>
</Text>
</P4para>
</P4>
<P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1A/4/b/ii" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1A/4/b/ii" id="section-1A-4-b-ii">
<Pnumber>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">ii</Addition>
</Pnumber>
<P4para>
<Text>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">provides services, or is otherwise related, to that employer;</Addition>
</Text>
</P4para>
</P4>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1A/4/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1A/4/c" id="section-1A-4-c">
<Pnumber>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">c</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">falls within the common bond specified in paragraph (c) of that subsection if the body corporate, partnership or unincorporated association has a place of business in, or other significant connection with, that locality; and</Addition>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1A/4/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1A/4/d" id="section-1A-4-d">
<Pnumber>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">d</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">falls within the common bond specified in paragraph (d) of that subsection if the body corporate, partnership or unincorporated association is a member of a bona fide organisation or otherwise associated with other members of the society for the purpose specified in that paragraph.</Addition>
</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1A/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1A/5" id="section-1A-5">
<Pnumber>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">5</Addition>
</Pnumber>
<P2para>
<Text>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">The </Addition>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">
<Substitution ChangeId="key-53a1f0eee7ca2b4248032ebe5f60ab01-1438534684943" CommentaryRef="key-53a1f0eee7ca2b4248032ebe5f60ab01">FCA</Substitution>
</Addition>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1"> may accept as sufficient evidence that the requirement of this section is met a statutory declaration to that effect given by three members and the secretary of the society.</Addition>
</Text>
</P2para>
</P2>
</P1para>
</P1>
</P1group>
<P1group RestrictStartDate="2013-04-01">
<Title>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">Further requirements where common bond relates to locality</Addition>
</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1B" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1B" id="section-1B">
<Pnumber PuncAfter=".">
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">1B</Addition>
</Pnumber>
<P1para>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1B/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1B/1" id="section-1B-1">
<Pnumber>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">1</Addition>
</Pnumber>
<P2para>
<Text>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">The requirements of this section must be met where—</Addition>
</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1B/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1B/1/a" id="section-1B-1-a">
<Pnumber>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">a</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">the rules of a society provide for one or more common bonds involving a connection with a locality, or</Addition>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1B/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1B/1/b" id="section-1B-1-b">
<Pnumber>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">b</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">the rules of a society provide for one or more common bonds of such other description as may be specified.</Addition>
</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1B/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1B/2" id="section-1B-2">
<Pnumber>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">2</Addition>
</Pnumber>
<P2para>
<Text>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">The requirements are—</Addition>
</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1B/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1B/2/a" id="section-1B-2-a">
<Pnumber>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">a</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">that the conditions in subsection (3) are met, or</Addition>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1B/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1B/2/b" id="section-1B-2-b">
<Pnumber>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">b</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">that extraordinary circumstances exist justifying registration of the society as a credit union.</Addition>
</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1B/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1B/3" id="section-1B-3">
<Pnumber>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">3</Addition>
</Pnumber>
<P2para>
<Text>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">The conditions are—</Addition>
</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1B/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1B/3/a" id="section-1B-3-a">
<Pnumber>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">a</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">that the number of potential members of the society does not exceed two million or such higher figure as may be specified; and</Addition>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1B/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1B/3/b" id="section-1B-3-b">
<Pnumber>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">b</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">that it is reasonably practicable for every potential member to participate in votes of the society, serve on the society’s committee and have access to all the services offered by the society.</Addition>
</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1B/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1B/4" id="section-1B-4">
<Pnumber>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">4</Addition>
</Pnumber>
<P2para>
<Text>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">The </Addition>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">
<Substitution ChangeId="key-19c64bfb1504de68c37e91011e64a2cf-1438534918750" CommentaryRef="key-19c64bfb1504de68c37e91011e64a2cf">FCA</Substitution>
</Addition>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1"> may accept as sufficient evidence that the conditions in subsection (3) are met a statutory declaration to that effect given by three members and the secretary of the society.</Addition>
</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/1B/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1B/5" id="section-1B-5">
<Pnumber>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">5</Addition>
</Pnumber>
<P2para>
<Text>
<Addition ChangeId="key-19076ac05e14c6545cb43a7b79bc7ec1-1438513953339" CommentaryRef="key-19076ac05e14c6545cb43a7b79bc7ec1">In this section “specified” means specified by order made by the Treasury.</Addition>
</Text>
</P2para>
</P2>
</P1para>
</P1>
</P1group>
<P1group RestrictStartDate="2023-08-29" RestrictExtent="E+W+S">
<Title> Supplementary and transitional provisions as to registration.</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/2" id="section-2">
<Pnumber>2</Pnumber>
<P1para>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/2/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/2/1" id="section-2-1">
<Pnumber>
<Substitution ChangeId="key-866be640de0094500b7d75d3b456f570-1439026848205" CommentaryRef="key-866be640de0094500b7d75d3b456f570">1</Substitution>
</Pnumber>
<P2para>
<Text>
<Substitution ChangeId="key-866be640de0094500b7d75d3b456f570-1439026848205" CommentaryRef="key-866be640de0094500b7d75d3b456f570">The following provisions of the 2014 Act do not apply in relation to registration as a credit union—</Substitution>
</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/2/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/2/1/a" id="section-2-1-a">
<Pnumber>
<Substitution ChangeId="key-866be640de0094500b7d75d3b456f570-1439026848205" CommentaryRef="key-866be640de0094500b7d75d3b456f570">a</Substitution>
</Pnumber>
<P3para>
<Text>
<Substitution ChangeId="key-866be640de0094500b7d75d3b456f570-1439026848205" CommentaryRef="key-866be640de0094500b7d75d3b456f570">section 2 (societies that may be registered);</Substitution>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/2/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/2/1/b" id="section-2-1-b">
<Pnumber>
<Substitution ChangeId="key-866be640de0094500b7d75d3b456f570-1439026848205" CommentaryRef="key-866be640de0094500b7d75d3b456f570">b</Substitution>
</Pnumber>
<P3para>
<Text>
<Substitution ChangeId="key-866be640de0094500b7d75d3b456f570-1439026848205" CommentaryRef="key-866be640de0094500b7d75d3b456f570">section 4(2) (taking of certain deposits not to be regarded as carrying on the business of banking);</Substitution>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/2/1/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/2/1/c" id="section-2-1-c">
<Pnumber>
<Substitution ChangeId="key-866be640de0094500b7d75d3b456f570-1439026848205" CommentaryRef="key-866be640de0094500b7d75d3b456f570">c</Substitution>
</Pnumber>
<P3para>
<Text>
<Substitution ChangeId="key-866be640de0094500b7d75d3b456f570-1439026848205" CommentaryRef="key-866be640de0094500b7d75d3b456f570">section 14 (content of a society's rules).</Substitution>
</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/2/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/2/2" id="section-2-2">
<Pnumber>
<Substitution ChangeId="key-866be640de0094500b7d75d3b456f570-1439026848205" CommentaryRef="key-866be640de0094500b7d75d3b456f570">2</Substitution>
</Pnumber>
<P2para>
<Text>
<Substitution ChangeId="key-866be640de0094500b7d75d3b456f570-1439026848205" CommentaryRef="key-866be640de0094500b7d75d3b456f570">Section 3(2) of the 2014 Act (registration) applies to registration as a credit union as if the reference to compliance with the requirements of that Act were, subject to subsection (1) of this section, to compliance with the provisions as to registration of that Act and this Act.</Substitution>
</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/2/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/2/3" id="section-2-3">
<Pnumber>3</Pnumber>
<P2para>
<Text>
A society whose objects are wholly or substantially
<Substitution ChangeId="key-3205c3bdab054e326cffdd4fb74123ce-1697478877697" CommentaryRef="key-3205c3bdab054e326cffdd4fb74123ce">the mandatory objects</Substitution>
of a credit union within the meaning of section 1(3) above
<Addition ChangeId="key-8b22db00d8109b24fb2e7f99dd8b8a31-1697478943103" CommentaryRef="key-8b22db00d8109b24fb2e7f99dd8b8a31">(whether or not the society also has the optional object specified in section 1</Addition>
<InternalLink Ref="p01004">
<Addition ChangeId="key-8b22db00d8109b24fb2e7f99dd8b8a31-1697478943103" CommentaryRef="key-8b22db00d8109b24fb2e7f99dd8b8a31">(3ZZA)</Addition>
</InternalLink>
<Addition ChangeId="key-8b22db00d8109b24fb2e7f99dd8b8a31-1697478943103" CommentaryRef="key-8b22db00d8109b24fb2e7f99dd8b8a31"> above)</Addition>
shall not be registered under
<Substitution ChangeId="key-6c465cab5e5a17c9584212204a73b048-1439026927188" CommentaryRef="key-6c465cab5e5a17c9584212204a73b048"> the 2014 Act </Substitution>
otherwise than as a credit union and, except in the case of a registration made before the commencement of this Act, any such registration shall be void.
</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/2/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/2/4" id="section-2-4">
<Pnumber>4</Pnumber>
<P2para>
<Text>A society which at the commencement of this Act is registered under the 1965 Act but whose objects are wholly or substantially those of a credit union within the meaning of section 1(3) above shall take all reasonable steps to have its existing registration cancelled and become registered as a credit union.</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/2/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/2/5" id="section-2-5">
<Pnumber>5</Pnumber>
<P2para>
<Text>Where in accordance with subsection (4) above a society’s existing registration is cancelled on its registration as a credit union, the society shall, notwithstanding anything in section 16(7) or section 3 of the 1965 Act, be taken for all purposes to be the same body corporate before and after the change of registration.</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/2/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/2/6" id="section-2-6">
<Pnumber>
<CommentaryRef Ref="c911484"/>
6
</Pnumber>
<P2para>
<Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text>
</P2para>
</P2>
</P1para>
</P1>
</P1group>
<P1group RestrictExtent="E+W+S" RestrictStartDate="2014-08-01">
<Title>
Use of name “credit union",
<Abbreviation Expansion="et cetera" xml:lang="la">etc.</Abbreviation>
</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/3" id="section-3">
<Pnumber>3</Pnumber>
<P1para>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/3/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/3/1" id="section-3-1">
<Pnumber>1</Pnumber>
<P2para>
<Text>
The name of every society registered as a credit union shall contain the words “credit union"
<Addition ChangeId="d30p324" CommentaryRef="c911489">or, if the rules of the society state that its registered office is to be in Wales, either those words or the words “undeb credyd"</Addition>
.
</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/3/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/3/2" id="section-3-2" RestrictStartDate="2003-09-01">
<Pnumber>
<CommentaryRef Ref="key-dd95191d544e1bbc6c5e90e69a3f1870"/>
2
</Pnumber>
<P2para>
<Text>Subject to subsection (3) below, a person shall not, unless registered as a credit union,—</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/3/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/3/2/a" id="section-3-2-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>
use in reference to himself a name, title or descriptive expression containing the words “credit union" or
<Addition ChangeId="d30p340" CommentaryRef="c911490">undeb credyd or</Addition>
any cognate term or any derivative of those words; or
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/3/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/3/2/b" id="section-3-2-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>represent himself as being a credit union;</Text>
</P3para>
</P3>
<Text>
and any person who contravenes this subsection shall be guilty of an offence and liable on summary conviction to a fine not exceeding
<Addition ChangeId="d30p352" CommentaryRef="c911491">level 4 on the standard scale</Addition>
.
</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/3/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/3/3" id="section-3-3" RestrictStartDate="2003-09-01">
<Pnumber>
<CommentaryRef Ref="key-dd95191d544e1bbc6c5e90e69a3f1870"/>
<Substitution ChangeId="key-2789013ae89a057a430ab0f1b57de7ad-1438510495462" CommentaryRef="key-2789013ae89a057a430ab0f1b57de7ad">3</Substitution>
</Pnumber>
<P2para>
<Text>
<Substitution ChangeId="key-2789013ae89a057a430ab0f1b57de7ad-1438510495462" CommentaryRef="key-2789013ae89a057a430ab0f1b57de7ad">Subsection (2) above does not apply to—</Substitution>
</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/3/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/3/3/a" id="section-3-3-a">
<Pnumber>
<Substitution ChangeId="key-2789013ae89a057a430ab0f1b57de7ad-1438510495462" CommentaryRef="key-2789013ae89a057a430ab0f1b57de7ad">a</Substitution>
</Pnumber>
<P3para>
<Text>
<Substitution ChangeId="key-2789013ae89a057a430ab0f1b57de7ad-1438510495462" CommentaryRef="key-2789013ae89a057a430ab0f1b57de7ad">the use, in reference to itself, of a name, title or descriptive expression by any body corporate which falls within subsection (3A) below;</Substitution>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/3/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/3/3/b" id="section-3-3-b">
<Pnumber>
<Substitution ChangeId="key-2789013ae89a057a430ab0f1b57de7ad-1438510495462" CommentaryRef="key-2789013ae89a057a430ab0f1b57de7ad">b</Substitution>
</Pnumber>
<P3para>
<Text>
<Substitution ChangeId="key-2789013ae89a057a430ab0f1b57de7ad-1438510495462" CommentaryRef="key-2789013ae89a057a430ab0f1b57de7ad"> the use by any person or unincorporated association with reference to himself (or itself) of a name which has been approved in writing by the </Substitution>
<Substitution ChangeId="key-2789013ae89a057a430ab0f1b57de7ad-1438510495462" CommentaryRef="key-2789013ae89a057a430ab0f1b57de7ad">
<Substitution ChangeId="key-b942a269ab64b06b6f2060e6d7c10b1a-1438535252733" CommentaryRef="key-b942a269ab64b06b6f2060e6d7c10b1a">FCA</Substitution>
</Substitution>
<Substitution ChangeId="key-2789013ae89a057a430ab0f1b57de7ad-1438510495462" CommentaryRef="key-2789013ae89a057a430ab0f1b57de7ad">; or </Substitution>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/3/3/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/3/3/c" id="section-3-3-c">
<Pnumber>
<Substitution ChangeId="key-2789013ae89a057a430ab0f1b57de7ad-1438510495462" CommentaryRef="key-2789013ae89a057a430ab0f1b57de7ad">c</Substitution>
</Pnumber>
<P3para>
<Text>
<Substitution ChangeId="key-2789013ae89a057a430ab0f1b57de7ad-1438510495462" CommentaryRef="key-2789013ae89a057a430ab0f1b57de7ad">the use by any officer or employee of—</Substitution>
</Text>
<P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/3/3/c/i" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/3/3/c/i" id="section-3-3-c-i">
<Pnumber>
<Substitution ChangeId="key-2789013ae89a057a430ab0f1b57de7ad-1438510495462" CommentaryRef="key-2789013ae89a057a430ab0f1b57de7ad">i</Substitution>
</Pnumber>
<P4para>
<Text>
<Substitution ChangeId="key-2789013ae89a057a430ab0f1b57de7ad-1438510495462" CommentaryRef="key-2789013ae89a057a430ab0f1b57de7ad">a credit union,</Substitution>
</Text>
</P4para>
</P4>
<P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/3/3/c/ii" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/3/3/c/ii" id="section-3-3-c-ii">
<Pnumber>
<Substitution ChangeId="key-2789013ae89a057a430ab0f1b57de7ad-1438510495462" CommentaryRef="key-2789013ae89a057a430ab0f1b57de7ad">ii</Substitution>
</Pnumber>
<P4para>
<Text>
<Substitution ChangeId="key-2789013ae89a057a430ab0f1b57de7ad-1438510495462" CommentaryRef="key-2789013ae89a057a430ab0f1b57de7ad">a body corporate which falls within subsection (3A) below, or</Substitution>
</Text>
</P4para>
</P4>
<P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/3/3/c/iii" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/3/3/c/iii" id="section-3-3-c-iii">
<Pnumber>
<Substitution ChangeId="key-2789013ae89a057a430ab0f1b57de7ad-1438510495462" CommentaryRef="key-2789013ae89a057a430ab0f1b57de7ad">iii</Substitution>
</Pnumber>
<P4para>
<Text>
<Substitution ChangeId="key-2789013ae89a057a430ab0f1b57de7ad-1438510495462" CommentaryRef="key-2789013ae89a057a430ab0f1b57de7ad">a person or association which has obtained approval under paragraph (b) above,</Substitution>
</Text>
</P4para>
</P4>
<Text>
<Substitution ChangeId="key-2789013ae89a057a430ab0f1b57de7ad-1438510495462" CommentaryRef="key-2789013ae89a057a430ab0f1b57de7ad">of a title or descriptive expression indicating his office or post with that credit union, body, person or association.</Substitution>
</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/3/3A" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/3/3A" id="section-3-3A">
<Pnumber>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">3A</Addition>
</Pnumber>
<P2para>
<Text>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">A body corporate falls within this subsection if its head office is not in England, Wales or Scotland and it—</Addition>
</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/3/3A/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/3/3A/a" id="section-3-3A-a">
<Pnumber>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">a</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">has </Addition>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">
<Substitution ChangeId="key-d64d20b9884b06d835df1cdc98eccc02-1438535336645" CommentaryRef="key-d64d20b9884b06d835df1cdc98eccc02">permission under Part 4A of the 2000 Act</Substitution>
</Addition>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9"> to accept deposits;</Addition>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/3/3A/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/3/3A/b" id="section-3-3A-b">
<Pnumber>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">b</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">is exempt from the prohibition imposed by section 19 of that Act in respect of accepting deposits;</Addition>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/3/3A/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/3/3A/c" id="section-3-3A-c">
<Pnumber>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">c</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">has permission under that Act to accept deposits by virtue of qualifying for authorisation under Schedule 3 or 4 to that Act; or</Addition>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/3/3A/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/3/3A/d" id="section-3-3A-d">
<Pnumber>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">d</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">is subject to legal provisions that are similar to the relevant provisions.</Addition>
</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/3/3B" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/3/3B" id="section-3-3B">
<Pnumber>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">3B</Addition>
</Pnumber>
<P2para>
<Text>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">For the purposes of subsection (3A)(d) above, a body corporate is to be treated as being subject to legal provisions that are similar to the relevant provisions if it is subject to legal provisions which—</Addition>
</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/3/3B/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/3/3B/a" id="section-3-3B-a">
<Pnumber>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">a</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">provide that the main activities carried on by the body are accepting deposits from, and lending money to, persons who are members or shareholders of the body;</Addition>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/3/3B/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/3/3B/b" id="section-3-3B-b">
<Pnumber>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">b</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">require the body to obtain authorisation or approval before it commences business;</Addition>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/3/3B/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/3/3B/c" id="section-3-3B-c">
<Pnumber>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">c</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">require the members and shareholders of the body to be linked by reference to some common characteristic or circumstance; and</Addition>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/3/3B/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/3/3B/d" id="section-3-3B-d">
<Pnumber>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">d</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">provide that those from whom the body accepts deposits must be shareholders or members of the body (although the legal provisions may allow for some exceptions to this proposition).</Addition>
</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/3/3C" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/3/3C" id="section-3-3C">
<Pnumber>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">3C</Addition>
</Pnumber>
<P2para>
<Text>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">In determining, for the purposes of subsection (3A)(d) above, whether a body corporate is subject to legal provisions that are similar to the relevant provisions, regard must be had as to whether the legal provisions to which it is subject require the body to obtain authorisation or approval before it commences business and whether those provisions—</Addition>
</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/3/3C/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/3/3C/a" id="section-3-3C-a">
<Pnumber>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">a</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">impose limits on the objects which the body may or must have,</Addition>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/3/3C/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/3/3C/b" id="section-3-3C-b">
<Pnumber>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">b</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">impose limits on the membership of the body,</Addition>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/3/3C/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/3/3C/c" id="section-3-3C-c">
<Pnumber>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">c</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">impose restrictions on the kind of activities which the body may carry on,</Addition>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/3/3C/d" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/3/3C/d" id="section-3-3C-d">
<Pnumber>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">d</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">impose limits or conditions on the body’s ability to accept deposits,</Addition>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/3/3C/e" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/3/3C/e" id="section-3-3C-e">
<Pnumber>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">e</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">impose limits on the value of the shares which any one shareholder may have in the body,</Addition>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/3/3C/f" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/3/3C/f" id="section-3-3C-f">
<Pnumber>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">f</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">impose limits on the body’s ability to lend money,</Addition>
</Text>
</P3para>
</P3>
<Text>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">which are similar to those imposed by the relevant provisions.</Addition>
</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/3/3D" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/3/3D" id="section-3-3D">
<Pnumber>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">3D</Addition>
</Pnumber>
<P2para>
<Text>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">In this section—</Addition>
</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/3/3D/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/3/3D/a" id="section-3-3D-a">
<Pnumber>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">a</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">“legal provisions” includes laws, regulations and administrative provisions;</Addition>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/3/3D/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/3/3D/b" id="section-3-3D-b">
<Pnumber>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">b</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">“relevant provisions” means—</Addition>
</Text>
<P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/3/3D/b/i" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/3/3D/b/i" id="section-3-3D-b-i">
<Pnumber>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">i</Addition>
</Pnumber>
<P4para>
<Text>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">the provisions of this Act; and</Addition>
</Text>
</P4para>
</P4>
<P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/3/3D/b/ii" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/3/3D/b/ii" id="section-3-3D-b-ii">
<Pnumber>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">ii</Addition>
</Pnumber>
<P4para>
<Text>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">any provision of or made under </Addition>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9">
<Substitution ChangeId="key-c6f8704737c8bb3c3ec6fb0bea497b14-1439027267537" CommentaryRef="key-c6f8704737c8bb3c3ec6fb0bea497b14"> the 2014 Act </Substitution>
</Addition>
<Addition ChangeId="key-fada2830d40ee354fcf5396879634cf9-1438510562806" CommentaryRef="key-fada2830d40ee354fcf5396879634cf9"> or the 2000 Act so far as it relates to credit unions.</Addition>
</Text>
</P4para>
</P4>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1979/34/section/3/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/3/4" id="section-3-4">
<Pnumber>4</Pnumber>
<P2para>
<Text>
For the purposes of
<Substitution ChangeId="key-2f0e02ba98acd2e8f5625426ec980b84-1439027307161" CommentaryRef="key-2f0e02ba98acd2e8f5625426ec980b84"> section 10(3) and (4) of the 2014 Act </Substitution>
(societies which may be permitted to have a name which does not contain the word “limited") the objects of a credit union shall not be regarded as wholly charitable or benevolent.
</Text>
</P2para>
</P2>
</P1para>
</P1>
</P1group>
</Pblock>
</Body>
</Primary>
<Commentaries>
<Commentary id="c911473" Type="F">
<Para>
<Text>
Word in s. 1(1)(b) omitted (2.7.2002) by virtue of
<Citation URI="http://www.legislation.gov.uk/id/uksi/2002/1501" id="c00024" Class="UnitedKingdomStatutoryInstrument" Year="2002" Number="1501">S.I. 2002/1501</Citation>
,
<CitationSubRef CitationRef="c00024" id="c00025" URI="http://www.legislation.gov.uk/id/uksi/2002/1501/article/1/1" Operative="true" SectionRef="article-1-1">arts. 1(1)</CitationSubRef>
,
<CitationSubRef CitationRef="c00024" id="c00026" URI="http://www.legislation.gov.uk/id/uksi/2002/1501/article/2/2/a/ii" SectionRef="article-2-2-a-ii">2(2)(a)(ii)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="c911474" Type="F">
<Para>
<Text>
S. 1(1)(d)(e) inserted (2.7.2002) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2002/1501" id="c00028" Class="UnitedKingdomStatutoryInstrument" Year="2002" Number="1501">S.I. 2002/1501</Citation>
,
<CitationSubRef CitationRef="c00028" id="c00029" URI="http://www.legislation.gov.uk/id/uksi/2002/1501/article/1/1" Operative="true" SectionRef="article-1-1">arts. 1(1)</CitationSubRef>
,
<CitationSubRef CitationRef="c00028" id="c00030" URI="http://www.legislation.gov.uk/id/uksi/2002/1501/article/2/2/a/iii" SectionRef="article-2-2-a-iii">2(2)(a)(iii)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="c911484" Type="F">
<Para>
<Text>
S. 2(6) repealed (1.12.2001) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2001/2617" id="c00052" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="2617">S.I. 2001/2617</Citation>
,
<CitationSubRef CitationRef="c00052" id="c00053" URI="http://www.legislation.gov.uk/id/uksi/2001/2617/article/2/b" SectionRef="article-2-b">arts. 2(b)</CitationSubRef>
,
<CitationSubRef CitationRef="c00052" id="c00054" URI="http://www.legislation.gov.uk/id/uksi/2001/2617/article/13/1/2" SectionRef="article-13-1-2">13(1)(2)</CitationSubRef>
,
<CitationSubRef CitationRef="c00052" id="c00055" URI="http://www.legislation.gov.uk/id/uksi/2001/2617/schedule/3/part/IV/paragraph/266" SectionRef="schedule-3-part-IV-paragraph-266">Sch. 3 Pt. IV para. 266</CitationSubRef>
,
<CitationSubRef CitationRef="c00052" id="c00056" URI="http://www.legislation.gov.uk/id/uksi/2001/2617/schedule/4" Operative="true" SectionRef="schedule-4">Sch. 4</CitationSubRef>
(with
<CitationSubRef CitationRef="c00052" id="c00057" URI="http://www.legislation.gov.uk/id/uksi/2001/2617/article/13/3" SectionRef="article-13-3">art. 13(3)</CitationSubRef>
);
<Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3538" id="c00058" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3538">S.I. 2001/3538</Citation>
,
<CitationSubRef CitationRef="c00058" id="c00059" URI="http://www.legislation.gov.uk/id/uksi/2001/3538/article/2/1" Operative="true" SectionRef="article-2-1">art. 2(1)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="c911489" Type="F">
<Para>
<Text>
Words in s. 3(1) added (21.12.1993) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1993/38" id="c00061" Year="1993" Class="UnitedKingdomPublicGeneralAct" Number="38">1993 c. 38</Citation>
,
<CitationSubRef CitationRef="c00061" id="c00062" URI="http://www.legislation.gov.uk/id/ukpga/1993/38/section/29/2" Operative="true" SectionRef="section-29-2">ss. 29(2)</CitationSubRef>
,
<CitationSubRef CitationRef="c00061" id="c00063" URI="http://www.legislation.gov.uk/id/ukpga/1993/38/section/36/1" SectionRef="section-36-1">36(1)</CitationSubRef>
.
</Text>
</Para>
</Commentary>
<Commentary id="c911490" Type="F">
<Para>
<Text>
Words in s. 3(2) inserted (21.12.1993) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1993/38" id="c00065" Year="1993" Class="UnitedKingdomPublicGeneralAct" Number="38">1993 c. 38</Citation>
,
<CitationSubRef CitationRef="c00065" id="c00066" URI="http://www.legislation.gov.uk/id/ukpga/1993/38/section/29/3" Operative="true" SectionRef="section-29-3">ss. 29(3)</CitationSubRef>
,
<CitationSubRef CitationRef="c00065" id="c00067" URI="http://www.legislation.gov.uk/id/ukpga/1993/38/section/36/1" SectionRef="section-36-1">36(1)</CitationSubRef>
.
</Text>
</Para>
</Commentary>
<Commentary id="c911491" Type="F">
<Para>
<Text>
Words substituted by virtue of (E.W.)
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1982/48" id="c00068" Year="1982" Class="UnitedKingdomPublicGeneralAct" Number="48" Title="Criminal Justice Act 1982">Criminal Justice Act 1982 (c. 48, SIF 39:1)</Citation>
,
<CitationSubRef CitationRef="c00068" id="c00069" URI="http://www.legislation.gov.uk/id/ukpga/1982/48/section/46" Operative="true" SectionRef="section-46">s. 46</CitationSubRef>
and (S.)
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1975/21" id="c00070" Year="1975" Class="UnitedKingdomPublicGeneralAct" Number="21" Title="Criminal Procedure (Scotland) Act 1975">Criminal Procedure (Scotland) Act 1975 (c. 21, SIF 39:1)</Citation>
,
<CitationSubRef CitationRef="c00070" id="c00071" URI="http://www.legislation.gov.uk/id/ukpga/1975/21/section/289G" Operative="true" SectionRef="section-289G">s. 289G</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-2789013ae89a057a430ab0f1b57de7ad" Type="F">
<Para>
<Text>
S. 3(3) substituted (13.2.2003) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2003/256" id="cugn6fpu1-00017" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="256" Title="Regulatory Reform (Credit Unions) Order 2003">Regulatory Reform (Credit Unions) Order 2003 (S.I. 2003/256)</Citation>
,
<CitationSubRef CitationRef="cugn6fpu1-00017" id="cugn6fpu1-00018" URI="http://www.legislation.gov.uk/id/uksi/2003/256/article/1" SectionRef="article-1">arts. 1</CitationSubRef>
,
<CitationSubRef CitationRef="cugn6fpu1-00017" id="cugn6fpu1-00019" URI="http://www.legislation.gov.uk/id/uksi/2003/256/article/4/2" SectionRef="article-4-2" Operative="true">4(2)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-fada2830d40ee354fcf5396879634cf9" Type="F">
<Para>
<Text>
S. 3(3A)-(3D) inserted (13.2.2003) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2003/256" id="cugn6fpu1-00007" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="256" Title="Regulatory Reform (Credit Unions) Order 2003">Regulatory Reform (Credit Unions) Order 2003 (S.I. 2003/256)</Citation>
,
<CitationSubRef CitationRef="cugn6fpu1-00007" id="cugn6fpu1-00008" URI="http://www.legislation.gov.uk/id/uksi/2003/256/article/1" SectionRef="article-1">arts. 1</CitationSubRef>
,
<CitationSubRef CitationRef="cugn6fpu1-00007" id="cugn6fpu1-00009" URI="http://www.legislation.gov.uk/id/uksi/2003/256/article/4/3" SectionRef="article-4-3" Operative="true">4(3)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-dd95191d544e1bbc6c5e90e69a3f1870" Type="I">
<Para>
<Text>
S. 3(2)(3) in force at 1.9.2003 by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2003/306" id="cugnijdn1-00011" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="306" Title="Credit Unions Act 1979 (Commencement No.3) Order 2003">S.I. 2003/306</Citation>
,
<CitationSubRef CitationRef="cugnijdn1-00011" id="cugnijdn1-00012" URI="http://www.legislation.gov.uk/id/uksi/2003/306/article/2" SectionRef="article-2" Operative="true">art. 2</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-19076ac05e14c6545cb43a7b79bc7ec1" Type="F">
<Para>
<Text>
Ss. 1A, 1B inserted (8.1.2012) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2011/2687" id="cugp7bv91-00007" Class="UnitedKingdomStatutoryInstrument" Year="2011" Number="2687" Title="The Legislative Reform (Industrial and Provident Societies and Credit Unions) Order 2011">The Legislative Reform (Industrial and Provident Societies and Credit Unions) Order 2011 (S.I. 2011/2687)</Citation>
,
<CitationSubRef CitationRef="cugp7bv91-00007" id="cugp7bv91-00008" URI="http://www.legislation.gov.uk/id/uksi/2011/2687/article/1/1/b" SectionRef="article-1-1-b">arts. 1(1)(b)</CitationSubRef>
,
<CitationSubRef CitationRef="cugp7bv91-00007" id="cugp7bv91-00009" URI="http://www.legislation.gov.uk/id/uksi/2011/2687/article/13" SectionRef="article-13" Operative="true">13</CitationSubRef>
(with
<CitationSubRef CitationRef="cugp7bv91-00007" id="cugp7bv91-00010" URI="http://www.legislation.gov.uk/id/uksi/2011/2687/article/24" SectionRef="article-24">arts. 24</CitationSubRef>
,
<CitationSubRef CitationRef="cugp7bv91-00007" id="cugp7bv91-00011" URI="http://www.legislation.gov.uk/id/uksi/2011/2687/article/25" SectionRef="article-25">25</CitationSubRef>
,
<CitationSubRef CitationRef="cugp7bv91-00007" id="cugp7bv91-00012" URI="http://www.legislation.gov.uk/id/uksi/2011/2687/article/26" SectionRef="article-26">26</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-43b3c653edd9d5af0fddcfb01c5e1d17" Type="F">
<Para>
<Text>
S. 1(2)(b) substituted (8.1.2012) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2011/2687" id="cugscd241-00020" Class="UnitedKingdomStatutoryInstrument" Year="2011" Number="2687" Title="The Legislative Reform (Industrial and Provident Societies and Credit Unions) Order 2011">The Legislative Reform (Industrial and Provident Societies and Credit Unions) Order 2011 (S.I. 2011/2687)</Citation>
,
<CitationSubRef CitationRef="cugscd241-00020" id="cugscd241-00021" URI="http://www.legislation.gov.uk/id/uksi/2011/2687/article/1/1/b" SectionRef="article-1-1-b">arts. 1(1)(b)</CitationSubRef>
,
<CitationSubRef CitationRef="cugscd241-00020" id="cugscd241-00022" URI="http://www.legislation.gov.uk/id/uksi/2011/2687/article/12/2" SectionRef="article-12-2" Operative="true">12(2)</CitationSubRef>
(with
<CitationSubRef CitationRef="cugscd241-00020" id="cugscd241-00023" URI="http://www.legislation.gov.uk/id/uksi/2011/2687/article/24" SectionRef="article-24">arts. 24</CitationSubRef>
,
<CitationSubRef CitationRef="cugscd241-00020" id="cugscd241-00024" URI="http://www.legislation.gov.uk/id/uksi/2011/2687/article/25" SectionRef="article-25">25</CitationSubRef>
,
<CitationSubRef CitationRef="cugscd241-00020" id="cugscd241-00025" URI="http://www.legislation.gov.uk/id/uksi/2011/2687/article/26" SectionRef="article-26">26</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-8d74c42c0092722e57e659577a7d4229" Type="F">
<Para>
<Text>
S. 1(3ZA) inserted (8.1.2012) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2011/2687" id="cugscd241-00007" Class="UnitedKingdomStatutoryInstrument" Year="2011" Number="2687" Title="The Legislative Reform (Industrial and Provident Societies and Credit Unions) Order 2011">The Legislative Reform (Industrial and Provident Societies and Credit Unions) Order 2011 (S.I. 2011/2687)</Citation>
,
<CitationSubRef CitationRef="cugscd241-00007" id="cugscd241-00008" URI="http://www.legislation.gov.uk/id/uksi/2011/2687/article/1/1/b" SectionRef="article-1-1-b">arts. 1(1)(b)</CitationSubRef>
,
<CitationSubRef CitationRef="cugscd241-00007" id="cugscd241-00009" URI="http://www.legislation.gov.uk/id/uksi/2011/2687/article/12/3" SectionRef="article-12-3" Operative="true">12(3)</CitationSubRef>
(with
<CitationSubRef CitationRef="cugscd241-00007" id="cugscd241-00010" URI="http://www.legislation.gov.uk/id/uksi/2011/2687/article/24" SectionRef="article-24">arts. 24</CitationSubRef>
,
<CitationSubRef CitationRef="cugscd241-00007" id="cugscd241-00011" URI="http://www.legislation.gov.uk/id/uksi/2011/2687/article/25" SectionRef="article-25">25</CitationSubRef>
,
<CitationSubRef CitationRef="cugscd241-00007" id="cugscd241-00012" URI="http://www.legislation.gov.uk/id/uksi/2011/2687/article/26" SectionRef="article-26">26</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-1751a33c61e3c46f5cdb2364073e0432" Type="F">
<Para>
<Text>
S. 1(3A)-(6) omitted (8.1.2012) by virtue of
<Citation URI="http://www.legislation.gov.uk/id/uksi/2011/2687" id="cugscd241-00031" Class="UnitedKingdomStatutoryInstrument" Year="2011" Number="2687" Title="The Legislative Reform (Industrial and Provident Societies and Credit Unions) Order 2011">The Legislative Reform (Industrial and Provident Societies and Credit Unions) Order 2011 (S.I. 2011/2687)</Citation>
,
<CitationSubRef CitationRef="cugscd241-00031" id="cugscd241-00032" URI="http://www.legislation.gov.uk/id/uksi/2011/2687/article/1/1/b" SectionRef="article-1-1-b">arts. 1(1)(b)</CitationSubRef>
,
<CitationSubRef CitationRef="cugscd241-00031" id="cugscd241-00033" URI="http://www.legislation.gov.uk/id/uksi/2011/2687/article/12/4" SectionRef="article-12-4" Operative="true">12(4)</CitationSubRef>
(with
<CitationSubRef CitationRef="cugscd241-00031" id="cugscd241-00034" URI="http://www.legislation.gov.uk/id/uksi/2011/2687/article/24" SectionRef="article-24">arts. 24</CitationSubRef>
,
<CitationSubRef CitationRef="cugscd241-00031" id="cugscd241-00035" URI="http://www.legislation.gov.uk/id/uksi/2011/2687/article/25" SectionRef="article-25">25</CitationSubRef>
,
<CitationSubRef CitationRef="cugscd241-00031" id="cugscd241-00036" URI="http://www.legislation.gov.uk/id/uksi/2011/2687/article/26" SectionRef="article-26">26</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-3c9f6f102b9e57095f7d9e6c26afac05" Type="F">
<Para>
<Text>
S. 1(1A)-(1D) substituted (1.4.2013) for s. 1(1A)(1B) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2013/496" id="cugzmd7x1-00005" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="496" Title="The Financial Services Act 2012 (Mutual Societies) Order 2013">The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496)</Citation>
,
<CitationSubRef CitationRef="cugzmd7x1-00005" id="cugzmd7x1-00006" URI="http://www.legislation.gov.uk/id/uksi/2013/496/article/1/1" SectionRef="article-1-1">art. 1(1)</CitationSubRef>
,
<CitationSubRef CitationRef="cugzmd7x1-00005" id="cugzmd7x1-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/496/schedule/6/paragraph/2/3" SectionRef="schedule-6-paragraph-2-3" Operative="true">Sch. 6 para. 2(3)</CitationSubRef>
(with
<CitationSubRef CitationRef="cugzmd7x1-00005" id="cugzmd7x1-00008" URI="http://www.legislation.gov.uk/id/uksi/2013/496/schedule/12" SectionRef="schedule-12">Sch. 12</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-d6612555a11edc3f8f7fcc1d9e5d8296" Type="F">
<Para>
<Text>
Word in s. 1(1)(a) substituted (1.4.2013) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2013/496" id="cuh0otu71-00035" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="496" Title="The Financial Services Act 2012 (Mutual Societies) Order 2013">The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496)</Citation>
,
<CitationSubRef CitationRef="cuh0otu71-00035" id="cuh0otu71-00036" URI="http://www.legislation.gov.uk/id/uksi/2013/496/article/1/1" SectionRef="article-1-1">art. 1(1)</CitationSubRef>
,
<CitationSubRef CitationRef="cuh0otu71-00035" id="cuh0otu71-00037" URI="http://www.legislation.gov.uk/id/uksi/2013/496/schedule/6/paragraph/2/2/a" SectionRef="schedule-6-paragraph-2-2-a" Operative="true">Sch. 6 para. 2(2)(a)</CitationSubRef>
(with
<CitationSubRef CitationRef="cuh0otu71-00035" id="cuh0otu71-00038" URI="http://www.legislation.gov.uk/id/uksi/2013/496/schedule/12" SectionRef="schedule-12">Sch. 12</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-b4eb6034226bfeca42feb033caeb6425" Type="F">
<Para>
<Text>
Words in s. 1(1)(d) substituted (1.4.2013) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2013/496" id="cuh0otu71-00015" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="496" Title="The Financial Services Act 2012 (Mutual Societies) Order 2013">The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496)</Citation>
,
<CitationSubRef CitationRef="cuh0otu71-00015" id="cuh0otu71-00016" URI="http://www.legislation.gov.uk/id/uksi/2013/496/article/1/1" SectionRef="article-1-1">art. 1(1)</CitationSubRef>
,
<CitationSubRef CitationRef="cuh0otu71-00015" id="cuh0otu71-00017" URI="http://www.legislation.gov.uk/id/uksi/2013/496/schedule/6/paragraph/2/2/b" SectionRef="schedule-6-paragraph-2-2-b" Operative="true">Sch. 6 para. 2(2)(b)</CitationSubRef>
(with
<CitationSubRef CitationRef="cuh0otu71-00015" id="cuh0otu71-00018" URI="http://www.legislation.gov.uk/id/uksi/2013/496/schedule/12" SectionRef="schedule-12">Sch. 12</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-8414a8feb5d39ab4ce172aaf956b7d54" Type="F">
<Para>
<Text>
Word in s. 1(1)(d) omitted (1.4.2013) by virtue of
<Citation URI="http://www.legislation.gov.uk/id/uksi/2013/496" id="cuh0otu71-00025" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="496" Title="The Financial Services Act 2012 (Mutual Societies) Order 2013">The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496)</Citation>
,
<CitationSubRef CitationRef="cuh0otu71-00025" id="cuh0otu71-00026" URI="http://www.legislation.gov.uk/id/uksi/2013/496/article/1/1" SectionRef="article-1-1">art. 1(1)</CitationSubRef>
,
<CitationSubRef CitationRef="cuh0otu71-00025" id="cuh0otu71-00027" URI="http://www.legislation.gov.uk/id/uksi/2013/496/schedule/6/paragraph/2/2/c" SectionRef="schedule-6-paragraph-2-2-c" Operative="true">Sch. 6 para. 2(2)(c)</CitationSubRef>
(with
<CitationSubRef CitationRef="cuh0otu71-00025" id="cuh0otu71-00028" URI="http://www.legislation.gov.uk/id/uksi/2013/496/schedule/12" SectionRef="schedule-12">Sch. 12</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-85b1b84c1346d8cedcfa177bca8537fd" Type="F">
<Para>
<Text>
S. 1(1)(e)(f) substituted (1.4.2013) for s. 1(1)(e) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2013/496" id="cuh0otu71-00005" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="496" Title="The Financial Services Act 2012 (Mutual Societies) Order 2013">The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496)</Citation>
,
<CitationSubRef CitationRef="cuh0otu71-00005" id="cuh0otu71-00006" URI="http://www.legislation.gov.uk/id/uksi/2013/496/article/1/1" SectionRef="article-1-1">art. 1(1)</CitationSubRef>
,
<CitationSubRef CitationRef="cuh0otu71-00005" id="cuh0otu71-00007" URI="http://www.legislation.gov.uk/id/uksi/2013/496/schedule/6/paragraph/2/2/d" SectionRef="schedule-6-paragraph-2-2-d" Operative="true">Sch. 6 para. 2(2)(d)</CitationSubRef>
(with
<CitationSubRef CitationRef="cuh0otu71-00005" id="cuh0otu71-00008" URI="http://www.legislation.gov.uk/id/uksi/2013/496/schedule/12" SectionRef="schedule-12">Sch. 12</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-4752e2e984a6334be3f7d343e632dd22" Type="F">
<Para>
<Text>
Word in
<CitationSubRef id="cuh1kgv61-00006" SectionRef="section-1A-2-e" URI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1A/2/e">s. 1A(2)(e)</CitationSubRef>
substituted (1.4.2013) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2013/496" id="cuh1kgv61-00007" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="496" Title="The Financial Services Act 2012 (Mutual Societies) Order 2013">The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496)</Citation>
,
<CitationSubRef CitationRef="cuh1kgv61-00007" id="cuh1kgv61-00008" SectionRef="article-1-1" URI="http://www.legislation.gov.uk/id/uksi/2013/496/article/1/1">art. 1(1)</CitationSubRef>
,
<CitationSubRef CitationRef="cuh1kgv61-00007" id="cuh1kgv61-00009" SectionRef="schedule-6-paragraph-3" URI="http://www.legislation.gov.uk/id/uksi/2013/496/schedule/6/paragraph/3" Operative="true">Sch. 6 para. 3</CitationSubRef>
(with
<CitationSubRef CitationRef="cuh1kgv61-00007" id="cuh1kgv61-00010" SectionRef="schedule-12" URI="http://www.legislation.gov.uk/id/uksi/2013/496/schedule/12">Sch. 12</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-53a1f0eee7ca2b4248032ebe5f60ab01" Type="F">
<Para>
<Text>
Word in
<CitationSubRef id="cuh1kgv61-00016" SectionRef="section-1A-5" URI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1A/5">s. 1A(5)</CitationSubRef>
substituted (1.4.2013) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2013/496" id="cuh1kgv61-00017" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="496" Title="The Financial Services Act 2012 (Mutual Societies) Order 2013">The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496)</Citation>
,
<CitationSubRef CitationRef="cuh1kgv61-00017" id="cuh1kgv61-00018" SectionRef="article-1-1" URI="http://www.legislation.gov.uk/id/uksi/2013/496/article/1/1">art. 1(1)</CitationSubRef>
,
<CitationSubRef CitationRef="cuh1kgv61-00017" id="cuh1kgv61-00019" SectionRef="schedule-6-paragraph-3" URI="http://www.legislation.gov.uk/id/uksi/2013/496/schedule/6/paragraph/3" Operative="true">Sch. 6 para. 3</CitationSubRef>
(with
<CitationSubRef CitationRef="cuh1kgv61-00017" id="cuh1kgv61-00020" SectionRef="schedule-12" URI="http://www.legislation.gov.uk/id/uksi/2013/496/schedule/12">Sch. 12</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-19c64bfb1504de68c37e91011e64a2cf" Type="F">
<Para>
<Text>
Word in
<CitationSubRef id="cuh1pkm51-00006" SectionRef="section-1B-4" URI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1B/4">s. 1B(4)</CitationSubRef>
substituted (1.4.2013) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2013/496" id="cuh1pkm51-00007" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="496" Title="The Financial Services Act 2012 (Mutual Societies) Order 2013">The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496)</Citation>
,
<CitationSubRef CitationRef="cuh1pkm51-00007" id="cuh1pkm51-00008" SectionRef="article-1-1" URI="http://www.legislation.gov.uk/id/uksi/2013/496/article/1/1">art. 1(1)</CitationSubRef>
,
<CitationSubRef CitationRef="cuh1pkm51-00007" id="cuh1pkm51-00009" SectionRef="schedule-6-paragraph-4" URI="http://www.legislation.gov.uk/id/uksi/2013/496/schedule/6/paragraph/4" Operative="true">Sch. 6 para. 4</CitationSubRef>
(with
<CitationSubRef CitationRef="cuh1pkm51-00007" id="cuh1pkm51-00010" SectionRef="schedule-12" URI="http://www.legislation.gov.uk/id/uksi/2013/496/schedule/12">Sch. 12</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-b942a269ab64b06b6f2060e6d7c10b1a" Type="F">
<Para>
<Text>
Word in s. 3(3)(b) substituted (1.4.2013) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2013/496" id="cuh1xdxo1-00007" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="496" Title="The Financial Services Act 2012 (Mutual Societies) Order 2013">The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496)</Citation>
,
<CitationSubRef CitationRef="cuh1xdxo1-00007" id="cuh1xdxo1-00008" URI="http://www.legislation.gov.uk/id/uksi/2013/496/article/1/1" SectionRef="article-1-1">art. 1(1)</CitationSubRef>
,
<CitationSubRef CitationRef="cuh1xdxo1-00007" id="cuh1xdxo1-00009" URI="http://www.legislation.gov.uk/id/uksi/2013/496/schedule/6/paragraph/5/2" SectionRef="schedule-6-paragraph-5-2" Operative="true">Sch. 6 para. 5(2)</CitationSubRef>
(with
<CitationSubRef CitationRef="cuh1xdxo1-00007" id="cuh1xdxo1-00010" URI="http://www.legislation.gov.uk/id/uksi/2013/496/schedule/12" SectionRef="schedule-12">Sch. 12</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-d64d20b9884b06d835df1cdc98eccc02" Type="F">
<Para>
<Text>
Words in s. 3(3A)(a) substituted (1.4.2013) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2013/496" id="cuh1xdxo1-00017" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="496" Title="The Financial Services Act 2012 (Mutual Societies) Order 2013">The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496)</Citation>
,
<CitationSubRef CitationRef="cuh1xdxo1-00017" id="cuh1xdxo1-00018" URI="http://www.legislation.gov.uk/id/uksi/2013/496/article/1/1" SectionRef="article-1-1">art. 1(1)</CitationSubRef>
,
<CitationSubRef CitationRef="cuh1xdxo1-00017" id="cuh1xdxo1-00019" URI="http://www.legislation.gov.uk/id/uksi/2013/496/schedule/6/paragraph/5/3" SectionRef="schedule-6-paragraph-5-3" Operative="true">Sch. 6 para. 5(3)</CitationSubRef>
(with
<CitationSubRef CitationRef="cuh1xdxo1-00017" id="cuh1xdxo1-00020" URI="http://www.legislation.gov.uk/id/uksi/2013/496/schedule/12" SectionRef="schedule-12">Sch. 12</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-b96d1df4b9d5062992c4a1fab55cedc9" Type="F">
<Para>
<Text>
Words in s. 1(1) substituted (1.8.2014) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2014/14" id="cup5ih1s1-00028" Class="UnitedKingdomPublicGeneralAct" Year="2014" Number="14" Title="Co-operative and Community Benefit Societies Act 2014">Co-operative and Community Benefit Societies Act 2014 (c. 14)</Citation>
,
<CitationSubRef CitationRef="cup5ih1s1-00028" id="cup5ih1s1-00029" URI="http://www.legislation.gov.uk/id/ukpga/2014/14/section/154" SectionRef="section-154">s. 154</CitationSubRef>
,
<CitationSubRef CitationRef="cup5ih1s1-00028" id="cup5ih1s1-00030" URI="http://www.legislation.gov.uk/id/ukpga/2014/14/schedule/4/paragraph/2/2/a" SectionRef="schedule-4-paragraph-2-2-a" Operative="true">Sch. 4 para. 2(2)(a)</CitationSubRef>
(with
<CitationSubRef CitationRef="cup5ih1s1-00028" id="cup5ih1s1-00031" URI="http://www.legislation.gov.uk/id/ukpga/2014/14/schedule/5" SectionRef="schedule-5">Sch. 5</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-eff60bae57ceb3c7d9e37f76dba7140d" Type="F">
<Para>
<Text>
S. 1(1)(aa) inserted (1.8.2014) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2014/14" id="cup5ih1s1-00038" Class="UnitedKingdomPublicGeneralAct" Year="2014" Number="14" Title="Co-operative and Community Benefit Societies Act 2014">Co-operative and Community Benefit Societies Act 2014 (c. 14)</Citation>
,
<CitationSubRef CitationRef="cup5ih1s1-00038" id="cup5ih1s1-00039" URI="http://www.legislation.gov.uk/id/ukpga/2014/14/section/154" SectionRef="section-154">s. 154</CitationSubRef>
,
<CitationSubRef CitationRef="cup5ih1s1-00038" id="cup5ih1s1-00040" URI="http://www.legislation.gov.uk/id/ukpga/2014/14/schedule/4/paragraph/2/2/b" SectionRef="schedule-4-paragraph-2-2-b" Operative="true">Sch. 4 para. 2(2)(b)</CitationSubRef>
(with
<CitationSubRef CitationRef="cup5ih1s1-00038" id="cup5ih1s1-00041" URI="http://www.legislation.gov.uk/id/ukpga/2014/14/schedule/5" SectionRef="schedule-5">Sch. 5</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-3a6b2d200cba3158af362c39ab031fe2" Type="F">
<Para>
<Text>
Words in s. 1(1)(e) substituted (1.8.2014) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2014/14" id="cup5ih1s1-00058" Class="UnitedKingdomPublicGeneralAct" Year="2014" Number="14" Title="Co-operative and Community Benefit Societies Act 2014">Co-operative and Community Benefit Societies Act 2014 (c. 14)</Citation>
,
<CitationSubRef CitationRef="cup5ih1s1-00058" id="cup5ih1s1-00059" URI="http://www.legislation.gov.uk/id/ukpga/2014/14/section/154" SectionRef="section-154">s. 154</CitationSubRef>
,
<CitationSubRef CitationRef="cup5ih1s1-00058" id="cup5ih1s1-00060" URI="http://www.legislation.gov.uk/id/ukpga/2014/14/schedule/4/paragraph/2/2/c" SectionRef="schedule-4-paragraph-2-2-c" Operative="true">Sch. 4 para. 2(2)(c)</CitationSubRef>
(with
<CitationSubRef CitationRef="cup5ih1s1-00058" id="cup5ih1s1-00061" URI="http://www.legislation.gov.uk/id/ukpga/2014/14/schedule/5" SectionRef="schedule-5">Sch. 5</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-a4087d554f8811b71c8fbb8bf4bfb05c" Type="F">
<Para>
<Text>
Words in s. 1(1)(f) substituted (1.8.2014) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2014/14" id="cup5ih1s1-00078" Class="UnitedKingdomPublicGeneralAct" Year="2014" Number="14" Title="Co-operative and Community Benefit Societies Act 2014">Co-operative and Community Benefit Societies Act 2014 (c. 14)</Citation>
,
<CitationSubRef CitationRef="cup5ih1s1-00078" id="cup5ih1s1-00079" URI="http://www.legislation.gov.uk/id/ukpga/2014/14/section/154" SectionRef="section-154">s. 154</CitationSubRef>
,
<CitationSubRef CitationRef="cup5ih1s1-00078" id="cup5ih1s1-00080" URI="http://www.legislation.gov.uk/id/ukpga/2014/14/schedule/4/paragraph/2/2/d" SectionRef="schedule-4-paragraph-2-2-d" Operative="true">Sch. 4 para. 2(2)(d)</CitationSubRef>
(with
<CitationSubRef CitationRef="cup5ih1s1-00078" id="cup5ih1s1-00081" URI="http://www.legislation.gov.uk/id/ukpga/2014/14/schedule/5" SectionRef="schedule-5">Sch. 5</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-2777eb3b5f5e5d2bc7e2296f8e19ea08" Type="F">
<Para>
<Text>
Words in s. 1(1) omitted (1.8.2014) by virtue of
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2014/14" id="cup5ih1s1-00048" Class="UnitedKingdomPublicGeneralAct" Year="2014" Number="14" Title="Co-operative and Community Benefit Societies Act 2014">Co-operative and Community Benefit Societies Act 2014 (c. 14)</Citation>
,
<CitationSubRef CitationRef="cup5ih1s1-00048" id="cup5ih1s1-00049" URI="http://www.legislation.gov.uk/id/ukpga/2014/14/section/154" SectionRef="section-154">s. 154</CitationSubRef>
,
<CitationSubRef CitationRef="cup5ih1s1-00048" id="cup5ih1s1-00050" URI="http://www.legislation.gov.uk/id/ukpga/2014/14/schedule/4/paragraph/2/2/e" SectionRef="schedule-4-paragraph-2-2-e" Operative="true">Sch. 4 para. 2(2)(e)</CitationSubRef>
(with
<CitationSubRef CitationRef="cup5ih1s1-00048" id="cup5ih1s1-00051" URI="http://www.legislation.gov.uk/id/ukpga/2014/14/schedule/5" SectionRef="schedule-5">Sch. 5</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-4bca70336aa4eecbca348d9bd1ab76e4" Type="F">
<Para>
<Text>
S. 1(1ZA) inserted (1.8.2014) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2014/14" id="cup5ih1s1-00007" Class="UnitedKingdomPublicGeneralAct" Year="2014" Number="14" Title="Co-operative and Community Benefit Societies Act 2014">Co-operative and Community Benefit Societies Act 2014 (c. 14)</Citation>
,
<CitationSubRef CitationRef="cup5ih1s1-00007" id="cup5ih1s1-00008" URI="http://www.legislation.gov.uk/id/ukpga/2014/14/section/154" SectionRef="section-154">s. 154</CitationSubRef>
,
<CitationSubRef CitationRef="cup5ih1s1-00007" id="cup5ih1s1-00009" URI="http://www.legislation.gov.uk/id/ukpga/2014/14/schedule/4/paragraph/2/3" SectionRef="schedule-4-paragraph-2-3" Operative="true">Sch. 4 para. 2(3)</CitationSubRef>
(with
<CitationSubRef CitationRef="cup5ih1s1-00007" id="cup5ih1s1-00010" URI="http://www.legislation.gov.uk/id/ukpga/2014/14/schedule/5" SectionRef="schedule-5">Sch. 5</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-9c035265fe667081dff3560b504348a7" Type="F">
<Para>
<Text>
Words in s. 1(1B) substituted (1.8.2014) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2014/14" id="cup5ih1s1-00068" Class="UnitedKingdomPublicGeneralAct" Year="2014" Number="14" Title="Co-operative and Community Benefit Societies Act 2014">Co-operative and Community Benefit Societies Act 2014 (c. 14)</Citation>
,
<CitationSubRef CitationRef="cup5ih1s1-00068" id="cup5ih1s1-00069" URI="http://www.legislation.gov.uk/id/ukpga/2014/14/section/154" SectionRef="section-154">s. 154</CitationSubRef>
,
<CitationSubRef CitationRef="cup5ih1s1-00068" id="cup5ih1s1-00070" URI="http://www.legislation.gov.uk/id/ukpga/2014/14/schedule/4/paragraph/2/4" SectionRef="schedule-4-paragraph-2-4" Operative="true">Sch. 4 para. 2(4)</CitationSubRef>
(with
<CitationSubRef CitationRef="cup5ih1s1-00068" id="cup5ih1s1-00071" URI="http://www.legislation.gov.uk/id/ukpga/2014/14/schedule/5" SectionRef="schedule-5">Sch. 5</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-79d887e64e431ac1543a69ad880b7284" Type="F">
<Para>
<Text>
Words in s. 1(1D) substituted (1.8.2014) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2014/14" id="cup5ih1s1-00088" Class="UnitedKingdomPublicGeneralAct" Year="2014" Number="14" Title="Co-operative and Community Benefit Societies Act 2014">Co-operative and Community Benefit Societies Act 2014 (c. 14)</Citation>
,
<CitationSubRef CitationRef="cup5ih1s1-00088" id="cup5ih1s1-00089" URI="http://www.legislation.gov.uk/id/ukpga/2014/14/section/154" SectionRef="section-154">s. 154</CitationSubRef>
,
<CitationSubRef CitationRef="cup5ih1s1-00088" id="cup5ih1s1-00090" URI="http://www.legislation.gov.uk/id/ukpga/2014/14/schedule/4/paragraph/2/5" SectionRef="schedule-4-paragraph-2-5" Operative="true">Sch. 4 para. 2(5)</CitationSubRef>
(with
<CitationSubRef CitationRef="cup5ih1s1-00088" id="cup5ih1s1-00091" URI="http://www.legislation.gov.uk/id/ukpga/2014/14/schedule/5" SectionRef="schedule-5">Sch. 5</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-b77950da78b8a2fb23962d4473882e21" Type="F">
<Para>
<Text>
S. 1 heading substituted (1.8.2014) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2014/14" id="cup5ih1s1-00018" Class="UnitedKingdomPublicGeneralAct" Year="2014" Number="14" Title="Co-operative and Community Benefit Societies Act 2014">Co-operative and Community Benefit Societies Act 2014 (c. 14)</Citation>
,
<CitationSubRef CitationRef="cup5ih1s1-00018" id="cup5ih1s1-00019" URI="http://www.legislation.gov.uk/id/ukpga/2014/14/section/154" SectionRef="section-154">s. 154</CitationSubRef>
,
<CitationSubRef CitationRef="cup5ih1s1-00018" id="cup5ih1s1-00020" URI="http://www.legislation.gov.uk/id/ukpga/2014/14/schedule/4/paragraph/2/6" SectionRef="schedule-4-paragraph-2-6" Operative="true">Sch. 4 para. 2(6)</CitationSubRef>
(with
<CitationSubRef CitationRef="cup5ih1s1-00018" id="cup5ih1s1-00021" URI="http://www.legislation.gov.uk/id/ukpga/2014/14/schedule/5" SectionRef="schedule-5">Sch. 5</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-866be640de0094500b7d75d3b456f570" Type="F">
<Para>
<Text>
<CitationSubRef id="cup6ldik1-00009" SectionRef="section-2-1" URI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/2/1">S. 2(1)</CitationSubRef>
<CitationSubRef id="cup6ldik1-00010" SectionRef="section-2-2" URI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/2/2">(2)</CitationSubRef>
substituted (1.8.2014) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2014/14" id="cup6ldik1-00011" Class="UnitedKingdomPublicGeneralAct" Year="2014" Number="14" Title="Co-operative and Community Benefit Societies Act 2014">Co-operative and Community Benefit Societies Act 2014 (c. 14)</Citation>
,
<CitationSubRef CitationRef="cup6ldik1-00011" id="cup6ldik1-00012" SectionRef="section-154" URI="http://www.legislation.gov.uk/id/ukpga/2014/14/section/154">s. 154</CitationSubRef>
,
<CitationSubRef CitationRef="cup6ldik1-00011" id="cup6ldik1-00013" SectionRef="schedule-4-paragraph-3-2" URI="http://www.legislation.gov.uk/id/ukpga/2014/14/schedule/4/paragraph/3/2" Operative="true">Sch. 4 para. 3(2)</CitationSubRef>
(with
<CitationSubRef CitationRef="cup6ldik1-00011" id="cup6ldik1-00014" SectionRef="schedule-5" URI="http://www.legislation.gov.uk/id/ukpga/2014/14/schedule/5">Sch. 5</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-6c465cab5e5a17c9584212204a73b048" Type="F">
<Para>
<Text>
Words in
<CitationSubRef id="cup6ldik1-00020" SectionRef="section-2-3" URI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/2/3">s. 2(3)</CitationSubRef>
substituted (1.8.2014) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2014/14" id="cup6ldik1-00021" Class="UnitedKingdomPublicGeneralAct" Year="2014" Number="14" Title="Co-operative and Community Benefit Societies Act 2014">Co-operative and Community Benefit Societies Act 2014 (c. 14)</Citation>
,
<CitationSubRef CitationRef="cup6ldik1-00021" id="cup6ldik1-00022" SectionRef="section-154" URI="http://www.legislation.gov.uk/id/ukpga/2014/14/section/154">s. 154</CitationSubRef>
,
<CitationSubRef CitationRef="cup6ldik1-00021" id="cup6ldik1-00023" SectionRef="schedule-4-paragraph-3-3" URI="http://www.legislation.gov.uk/id/ukpga/2014/14/schedule/4/paragraph/3/3" Operative="true">Sch. 4 para. 3(3)</CitationSubRef>
(with
<CitationSubRef CitationRef="cup6ldik1-00021" id="cup6ldik1-00024" SectionRef="schedule-5" URI="http://www.legislation.gov.uk/id/ukpga/2014/14/schedule/5">Sch. 5</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-c6f8704737c8bb3c3ec6fb0bea497b14" Type="F">
<Para>
<Text>
Words in
<CitationSubRef id="cup6ucoy1-00006" SectionRef="section-3-3D-b-ii" URI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/3/3D/b/ii">s. 3(3D)(b)(ii)</CitationSubRef>
substituted (1.8.2014) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2014/14" id="cup6ucoy1-00007" Class="UnitedKingdomPublicGeneralAct" Year="2014" Number="14" Title="Co-operative and Community Benefit Societies Act 2014">Co-operative and Community Benefit Societies Act 2014 (c. 14)</Citation>
,
<CitationSubRef CitationRef="cup6ucoy1-00007" id="cup6ucoy1-00008" SectionRef="section-154" URI="http://www.legislation.gov.uk/id/ukpga/2014/14/section/154">s. 154</CitationSubRef>
,
<CitationSubRef CitationRef="cup6ucoy1-00007" id="cup6ucoy1-00009" SectionRef="schedule-4-paragraph-4-2" URI="http://www.legislation.gov.uk/id/ukpga/2014/14/schedule/4/paragraph/4/2" Operative="true">Sch. 4 para. 4(2)</CitationSubRef>
(with
<CitationSubRef CitationRef="cup6ucoy1-00007" id="cup6ucoy1-00010" SectionRef="schedule-5" URI="http://www.legislation.gov.uk/id/ukpga/2014/14/schedule/5">Sch. 5</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-2f0e02ba98acd2e8f5625426ec980b84" Type="F">
<Para>
<Text>
Words in
<CitationSubRef id="cup6ucoy1-00016" SectionRef="section-3-4" URI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/3/4">s. 3(4)</CitationSubRef>
substituted (1.8.2014) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2014/14" id="cup6ucoy1-00017" Class="UnitedKingdomPublicGeneralAct" Year="2014" Number="14" Title="Co-operative and Community Benefit Societies Act 2014">Co-operative and Community Benefit Societies Act 2014 (c. 14)</Citation>
,
<CitationSubRef CitationRef="cup6ucoy1-00017" id="cup6ucoy1-00018" SectionRef="section-154" URI="http://www.legislation.gov.uk/id/ukpga/2014/14/section/154">s. 154</CitationSubRef>
,
<CitationSubRef CitationRef="cup6ucoy1-00017" id="cup6ucoy1-00019" SectionRef="schedule-4-paragraph-4-3" URI="http://www.legislation.gov.uk/id/ukpga/2014/14/schedule/4/paragraph/4/3" Operative="true">Sch. 4 para. 4(3)</CitationSubRef>
(with
<CitationSubRef CitationRef="cup6ucoy1-00017" id="cup6ucoy1-00020" SectionRef="schedule-5" URI="http://www.legislation.gov.uk/id/ukpga/2014/14/schedule/5">Sch. 5</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-4883484ef6d8ea2c255403586c875abb" Type="F">
<Para>
<Text>
<CitationSubRef id="c5f8g9u15-00006" SectionRef="section-1ZA" URI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1ZA">Ss. 1ZA</CitationSubRef>
,
<CitationSubRef id="c5f8g9u15-00007" SectionRef="section-1ZB" URI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1ZB">1ZB</CitationSubRef>
inserted (29.8.2023) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2023/29" id="c5f8g9u15-00008" Class="UnitedKingdomPublicGeneralAct" Year="2023" Number="29" Title="Financial Services and Markets Act 2023">Financial Services and Markets Act 2023 (c. 29)</Citation>
,
<CitationSubRef CitationRef="c5f8g9u15-00008" id="c5f8g9u15-00009" SectionRef="section-86-3" URI="http://www.legislation.gov.uk/id/ukpga/2023/29/section/86/3">s. 86(3)</CitationSubRef>
,
<CitationSubRef CitationRef="c5f8g9u15-00008" id="c5f8g9u15-00010" SectionRef="schedule-14-paragraph-3" URI="http://www.legislation.gov.uk/id/ukpga/2023/29/schedule/14/paragraph/3" Operative="true">Sch. 14 para. 3</CitationSubRef>
;
<Citation URI="http://www.legislation.gov.uk/id/uksi/2023/779" id="c5f8g9u15-00011" Class="UnitedKingdomStatutoryInstrument" Year="2023" Number="779" Title="The Financial Services and Markets Act 2023 (Commencement No. 1) Regulations 2023">S.I. 2023/779</Citation>
,
<CitationSubRef CitationRef="c5f8g9u15-00011" id="c5f8g9u15-00012" SectionRef="regulation-4-eee" URI="http://www.legislation.gov.uk/id/uksi/2023/779/regulation/4/eee">reg. 4(eee)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-a691ebe1d58f32c13c626946c1d494e8" Type="F">
<Para>
<Text>
<CitationSubRef id="c5fgv91d5-00006" SectionRef="section-1-2A" URI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1/2A">S. 1(2A)</CitationSubRef>
inserted (29.8.2023) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2023/29" id="c5fgv91d5-00007" Class="UnitedKingdomPublicGeneralAct" Year="2023" Number="29" Title="Financial Services and Markets Act 2023">Financial Services and Markets Act 2023 (c. 29)</Citation>
,
<CitationSubRef CitationRef="c5fgv91d5-00007" id="c5fgv91d5-00008" SectionRef="section-86-3" URI="http://www.legislation.gov.uk/id/ukpga/2023/29/section/86/3">s. 86(3)</CitationSubRef>
,
<CitationSubRef CitationRef="c5fgv91d5-00007" id="c5fgv91d5-00009" SectionRef="schedule-14-paragraph-2-2" URI="http://www.legislation.gov.uk/id/ukpga/2023/29/schedule/14/paragraph/2/2" Operative="true">Sch. 14 para. 2(2)</CitationSubRef>
;
<Citation URI="http://www.legislation.gov.uk/id/uksi/2023/779" id="c5fgv91d5-00010" Class="UnitedKingdomStatutoryInstrument" Year="2023" Number="779" Title="The Financial Services and Markets Act 2023 (Commencement No. 1) Regulations 2023">S.I. 2023/779</Citation>
,
<CitationSubRef CitationRef="c5fgv91d5-00010" id="c5fgv91d5-00011" SectionRef="regulation-4-eee" URI="http://www.legislation.gov.uk/id/uksi/2023/779/regulation/4/eee">reg. 4(eee)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-b8a4245a27b093995e0e62d0df95e33d" Type="F">
<Para>
<Text>
<CitationSubRef id="c5fgv91d5-00017" SectionRef="section-1-3ZZA" URI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1/3ZZA">S. 1(3ZZA)</CitationSubRef>
inserted (29.8.2023) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2023/29" id="c5fgv91d5-00018" Class="UnitedKingdomPublicGeneralAct" Year="2023" Number="29" Title="Financial Services and Markets Act 2023">Financial Services and Markets Act 2023 (c. 29)</Citation>
,
<CitationSubRef CitationRef="c5fgv91d5-00018" id="c5fgv91d5-00019" SectionRef="section-86-3" URI="http://www.legislation.gov.uk/id/ukpga/2023/29/section/86/3">s. 86(3)</CitationSubRef>
,
<CitationSubRef CitationRef="c5fgv91d5-00018" id="c5fgv91d5-00020" SectionRef="schedule-14-paragraph-2-4" URI="http://www.legislation.gov.uk/id/ukpga/2023/29/schedule/14/paragraph/2/4" Operative="true">Sch. 14 para. 2(4)</CitationSubRef>
;
<Citation URI="http://www.legislation.gov.uk/id/uksi/2023/779" id="c5fgv91d5-00021" Class="UnitedKingdomStatutoryInstrument" Year="2023" Number="779" Title="The Financial Services and Markets Act 2023 (Commencement No. 1) Regulations 2023">S.I. 2023/779</Citation>
,
<CitationSubRef CitationRef="c5fgv91d5-00021" id="c5fgv91d5-00022" SectionRef="regulation-4-eee" URI="http://www.legislation.gov.uk/id/uksi/2023/779/regulation/4/eee">reg. 4(eee)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-02839f2d4ecf9ca84713bccfe2c6c629" Type="F">
<Para>
<Text>
Words in
<CitationSubRef id="c5fgv91d5-00028" SectionRef="section-1-3ZA" URI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1/3ZA">s. 1(3ZA)</CitationSubRef>
substituted (29.8.2023) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2023/29" id="c5fgv91d5-00029" Class="UnitedKingdomPublicGeneralAct" Year="2023" Number="29" Title="Financial Services and Markets Act 2023">Financial Services and Markets Act 2023 (c. 29)</Citation>
,
<CitationSubRef CitationRef="c5fgv91d5-00029" id="c5fgv91d5-00030" SectionRef="section-86-3" URI="http://www.legislation.gov.uk/id/ukpga/2023/29/section/86/3">s. 86(3)</CitationSubRef>
,
<CitationSubRef CitationRef="c5fgv91d5-00029" id="c5fgv91d5-00031" SectionRef="schedule-14-paragraph-2-5" URI="http://www.legislation.gov.uk/id/ukpga/2023/29/schedule/14/paragraph/2/5" Operative="true">Sch. 14 para. 2(5)</CitationSubRef>
;
<Citation URI="http://www.legislation.gov.uk/id/uksi/2023/779" id="c5fgv91d5-00032" Class="UnitedKingdomStatutoryInstrument" Year="2023" Number="779" Title="The Financial Services and Markets Act 2023 (Commencement No. 1) Regulations 2023">S.I. 2023/779</Citation>
,
<CitationSubRef CitationRef="c5fgv91d5-00032" id="c5fgv91d5-00033" SectionRef="regulation-4-eee" URI="http://www.legislation.gov.uk/id/uksi/2023/779/regulation/4/eee">reg. 4(eee)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-a7bd633f0f084ac1d39928d4a2e4121a" Type="F">
<Para>
<Text>
Word in
<CitationSubRef id="c5fgv91d5-00039" SectionRef="section-1-3" URI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/1/3">s. 1(3)</CitationSubRef>
inserted (29.8.2023) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2023/29" id="c5fgv91d5-00040" Class="UnitedKingdomPublicGeneralAct" Year="2023" Number="29" Title="Financial Services and Markets Act 2023">Financial Services and Markets Act 2023 (c. 29)</Citation>
,
<CitationSubRef CitationRef="c5fgv91d5-00040" id="c5fgv91d5-00041" SectionRef="section-86-3" URI="http://www.legislation.gov.uk/id/ukpga/2023/29/section/86/3">s. 86(3)</CitationSubRef>
,
<CitationSubRef CitationRef="c5fgv91d5-00040" id="c5fgv91d5-00042" SectionRef="schedule-14-paragraph-2-3" URI="http://www.legislation.gov.uk/id/ukpga/2023/29/schedule/14/paragraph/2/3" Operative="true">Sch. 14 para. 2(3)</CitationSubRef>
;
<Citation URI="http://www.legislation.gov.uk/id/uksi/2023/779" id="c5fgv91d5-00043" Class="UnitedKingdomStatutoryInstrument" Year="2023" Number="779" Title="The Financial Services and Markets Act 2023 (Commencement No. 1) Regulations 2023">S.I. 2023/779</Citation>
,
<CitationSubRef CitationRef="c5fgv91d5-00043" id="c5fgv91d5-00044" SectionRef="regulation-4-eee" URI="http://www.legislation.gov.uk/id/uksi/2023/779/regulation/4/eee">reg. 4(eee)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-3205c3bdab054e326cffdd4fb74123ce" Type="F">
<Para>
<Text>
Words in
<CitationSubRef id="c5fi6qm85-00006" SectionRef="section-2-3" URI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/2/3">s. 2(3)</CitationSubRef>
substituted (29.8.2023) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2023/29" id="c5fi6qm85-00007" Class="UnitedKingdomPublicGeneralAct" Year="2023" Number="29" Title="Financial Services and Markets Act 2023">Financial Services and Markets Act 2023 (c. 29)</Citation>
,
<CitationSubRef CitationRef="c5fi6qm85-00007" id="c5fi6qm85-00008" SectionRef="section-86-3" URI="http://www.legislation.gov.uk/id/ukpga/2023/29/section/86/3">s. 86(3)</CitationSubRef>
,
<CitationSubRef CitationRef="c5fi6qm85-00007" id="c5fi6qm85-00009" SectionRef="schedule-14-paragraph-4-a" URI="http://www.legislation.gov.uk/id/ukpga/2023/29/schedule/14/paragraph/4/a" Operative="true">Sch. 14 para. 4(a)</CitationSubRef>
;
<Citation URI="http://www.legislation.gov.uk/id/uksi/2023/779" id="c5fi6qm85-00010" Class="UnitedKingdomStatutoryInstrument" Year="2023" Number="779" Title="The Financial Services and Markets Act 2023 (Commencement No. 1) Regulations 2023">S.I. 2023/779</Citation>
,
<CitationSubRef CitationRef="c5fi6qm85-00010" id="c5fi6qm85-00011" SectionRef="regulation-4-eee" URI="http://www.legislation.gov.uk/id/uksi/2023/779/regulation/4/eee">reg. 4(eee)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-8b22db00d8109b24fb2e7f99dd8b8a31" Type="F">
<Para>
<Text>
Words in
<CitationSubRef id="c5fi6qm85-00017" SectionRef="section-2-3" URI="http://www.legislation.gov.uk/id/ukpga/1979/34/section/2/3">s. 2(3)</CitationSubRef>
inserted (29.8.2023) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2023/29" id="c5fi6qm85-00018" Class="UnitedKingdomPublicGeneralAct" Year="2023" Number="29" Title="Financial Services and Markets Act 2023">Financial Services and Markets Act 2023 (c. 29)</Citation>
,
<CitationSubRef CitationRef="c5fi6qm85-00018" id="c5fi6qm85-00019" SectionRef="section-86-3" URI="http://www.legislation.gov.uk/id/ukpga/2023/29/section/86/3">s. 86(3)</CitationSubRef>
,
<CitationSubRef CitationRef="c5fi6qm85-00018" id="c5fi6qm85-00020" SectionRef="schedule-14-paragraph-4-b" URI="http://www.legislation.gov.uk/id/ukpga/2023/29/schedule/14/paragraph/4/b" Operative="true">Sch. 14 para. 4(b)</CitationSubRef>
;
<Citation URI="http://www.legislation.gov.uk/id/uksi/2023/779" id="c5fi6qm85-00021" Class="UnitedKingdomStatutoryInstrument" Year="2023" Number="779" Title="The Financial Services and Markets Act 2023 (Commencement No. 1) Regulations 2023">S.I. 2023/779</Citation>
,
<CitationSubRef CitationRef="c5fi6qm85-00021" id="c5fi6qm85-00022" SectionRef="regulation-4-eee" URI="http://www.legislation.gov.uk/id/uksi/2023/779/regulation/4/eee">reg. 4(eee)</CitationSubRef>
</Text>
</Para>
</Commentary>
</Commentaries>
</Legislation>