(This note is not part of the Regulations)
These Regulations increase, by an average of about 9%, the fees payable for registration and other transactions under the Industrial and Provident Societies Act 1965 and the Credit Unions Act 1979. They insert a new Schedule 2 into The Industrial and Provident Societies (Credit Unions) Regulations 1979, superseding and revoking The Industrial and Provident Societies (Credit Unions) (Amendment of Fees) Regulations 1997.
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.