Article 25 Prohibition on deposit-taking

Northern Ireland

(1)

Subject to Articles 26 and 27, a credit union shall not accept a deposit from any person except by way of subscription for its shares.

(2)

F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(4)

F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(5)

F3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Annotations

F1: Art. 25(2) omitted (31.3.2012) by virtue of Financial Services and Markets Act 2000 (Permissions, Transitional Provisions and Consequential Amendments) (Northern Ireland Credit Unions) Order 2011 (S.I. 2011/2832), arts. 1(2), 13(12)
F2: Art. 25(4) omitted (31.3.2012) by virtue of Financial Services and Markets Act 2000 (Permissions, Transitional Provisions and Consequential Amendments) (Northern Ireland Credit Unions) Order 2011 (S.I. 2011/2832), arts. 1(2), 13(12)
F3: Art. 25(5) omitted (31.3.2012) by virtue of Financial Services and Markets Act 2000 (Permissions, Transitional Provisions and Consequential Amendments) (Northern Ireland Credit Unions) Order 2011 (S.I. 2011/2832), arts. 1(2), 13(12)