OpenLegislation

Article 12 Provision of copies of rules

Northern Ireland

F1(1)

A credit union must, on demand, give a copy of its registered rules—

(a)

free of charge to any member of the credit union who has not previously been given a copy of those rules;

(b)

to any other person upon payment of such fee (not exceeding £5) as the credit union may determine.

(1A)

The Department may by regulations substitute for the amount for the time being specified in paragraph (1)(b) such other amount as it considers appropriate.

(2)

If any person, with intent to mislead or defraud, gives to any other person—

(a)

a copy of any rules other than rules for the time being registered under this Order on the pretence that they are the existing rules, or that there are no other rules, of a credit union; or

(b)

a copy of the rules of a society which is not registered under this Order on the pretence that they are the rules of a credit union,

he shall be guilty of an offence and shall be liable on summary conviction to a fine not exceeding level 4 on the standard scale.

Annotations

Textual amendments

F1

Art. 12(1)-(1A) substituted for art. 12(1) (23.4.2016) by Credit Unions and Co-operative and Community Benefit Societies Act (Northern Ireland) 2016 (c. 16), ss. 5, 17