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16(1)Section 31 (interpretation etc) is amended as follows.
(2)In subsection (1)—
(a)insert (as the first definition)—
““the 2014 Act” means the Co-operative and Community Benefit Societies Act 2014;”;
(b)in the definition of “credit union” for “the 1965 Act” insert “the 2014 Act”.
(3)In subsection (2) for the words from the beginning to “the 1965 Act” substitute “Sections 141, 143 to 146, 148 and 149 of the 2014 Act”.
(4)In subsection (3)—
(a)for “the 1965 Act” substitute “the 2014 Act”;
(b)for “sections 6, 12, 19, 21, 30 and 31.” substitute “sections 22, 24, 26, 27, 32, 33 and 34 and paragraph 6 of Schedule 3.”
(5)In subsection (4)—
(a)for the words from the beginning to “the 1965 Act” substitute “The following provisions of the 2014 Act”;
(b)at the end insert “—
(a)section 67(1) (society with withdrawable share capital not to carry on the business of banking);
(b)sections 77 and 78 (year of account);
(c)section 81 (duty to display latest balance sheet);
(d)section 89 (annual returns);
(e)section 90 (duty to provide copy of annual return).”
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