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The Industrial and Provident Societies (Credit Unions) (Amendment of Fees) Regulations 1997
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- UK Statutory Instruments
- 1997 No. 742
- Explanatory Note
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Explanatory Note
(This note is not part of the Regulations)
These Regulations supersede the Industrial and Provident Societies (Credit Unions) (Amendment of Fees) Regulations 1996. They generally increase, by an average of 3%, the fees to be paid for matters to be transacted under the Industrial and Provident Societies Acts 1965 and 1967 and the Credit Unions Act 1979.
Some other changes to fees have been made. The fee for a change of name has been reduced and a new fee has been introduced for the issue of a certificate of approval of the management systems of a credit union which is seeking to take advantage of the greater powers made available under The Deregulation (Credit Unions) Order 1996. In addition, fees in respect of amendments of rules will be reduced in certain circumstances when changes to membership qualification are made.
A review of the cost of compliance with these Regulations has been undertaken and the resulting compliance cost assessment is available from the Registry of Friendly Societies, Victory House, 30-34 Kingsway, London WC2B 6ES.
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