Article 3 Registration

it is shown to the satisfaction of the F2FCA that the conditions specified in paragraph (2) are fulfilled;

the rules of the society comply with Article 8(1); F3. . .

the place which under those rules is to be the society's registered office is situated in Northern Ireland F4;

the society has made an application for a permission under Part 4A of the 2000 Act to accept deposits;

the FCA is satisfied that, once registered under this Order, the society will satisfy, and continue to satisfy, the threshold conditions (within the meaning of section 55B(1) of the 2000 Act) for which the FCA is responsible in relation to the regulated activity of accepting deposits; and

the PRA is satisfied that, once registered under this Order, the society will satisfy, and continue to satisfy, the threshold conditions (within the meaning of section 55B(1) of the 2000 Act) for which the PRA is responsible in relation to the regulated activity of accepting deposits.

that the objects of the society are those, and only those, of a credit union; and

that admission to membership of the society is restricted to persons each of whom has, in relation to all the other members, not less than one common bond.

the promotion of thrift among its members by the accumulation of their savings;

the creation of sources of credit for the benefit of its members at a fair and reasonable rate of interest;

the use and control of members' savings for their mutual benefit; and

the training and education of members in the wise use of money and in the management of their financial affairs.

following a particular occupation;

residing or being employed in a particular locality;

being employed by a particular employer;

being a member of a bona fide organisation or being otherwise associated with other members of the society for a purpose other than that of forming a society to be registered as a credit union;

any other common bond approved by the F10FCA .

may, if F13the FCA considers it proper in the circumstances of the case, treat as sufficient evidence of the existence of a common bond a statutory declaration which is given by three members and the secretary of the society, and is to the effect that a common bond exists,

may, if F14the FCA considers it proper in the circumstances of the case, treat the fact that admission to membership is restricted as mentioned in paragraph (2)(b) as sufficient evidence of the existence of a common bond.