EXPLANATORY NOTE

This Order brings into operation on 20th August 1979 all the provisions of the Credit Unions Act 1979 except sections 3(2) and (3), 15, 32 and 33. Sections 32 and 33 came into operation on the passing of the Act on 4th April 1979. Section 3(2) and (3), which limits the use of the words “credit union”, and section 15, which relates to insurance against fraud or other dishonesty, have not yet been brought into operation.