3. In regulation 2(1)(b)(1) insert the following definition at the appropriate place—
““credit union” means a society registered as a credit union under the Industrial and Provident Societies Act 1965(2) or the Credit Unions (Northern Ireland) Order 1985(3);”.
Regulation 2(1)(b) was amended by regulation 3 of S.I. 2004/2676.
S.I. 1985/1205 (N.I. 12).