Section 1ZA Specified financial activitiesF1
(1)
The financial activities specified for the purposes of the optional object of a credit union (see section 1(3ZZA)) are—
(a)
entering into conditional sale agreements, as the seller;
(b)
entering into hire purchase agreements, as the person from whom goods are bailed or (in Scotland) hired;
(c)
insurance distribution activities.
(2)
The Treasury may by regulations specify requirements or restrictions in relation to the carrying on by a credit union of a financial activity specified in subsection (1).
Annotations
Textual amendments
- F1
Ss. 1ZA, 1ZB inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 14 para. 3; S.I. 2023/779, reg. 4(eee)