# The Credit Unions (Northern Ireland) Order 1985, Article 53: Duties of receiver or manager of credit union's property

Extent: N.I.

(1) Every receiver or manager of the property of a credit union who has been appointed under the powers contained in any instrument shall—
(a) within 1 month from the date of his appointment, notify ...the appropriate person of his appointment; and
(b) within 1 month ... after the expiration of the period of 6 months from that date, and of every subsequent period of 6 months, deliver to ... the appropriate person a return showing his receipts and his payments during that period of 6 months; and
(c) within 1 month after he ceases to act as receiver or manager, notify ...the appropriate person of that fact and deliver to ... the appropriate person a return showing his receipts and his payments during the final period and the aggregate amount of his receipts and of his payments during all preceding periods since his appointment.
(2) In this article, “the appropriate person” means—
(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(b) the FCA ; and
(c) if the society is a PRA -authorised person, the PRA .
(3) ... the FCA and, if the society is a PRA -authorised person, the PRA may each allow a period of longer than 1 month for the delivery of returns to it under paragraph (1)(b).

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Source: https://www.legislation.gov.uk/nisi/1985/1205/article/53 (the official version)
Page: https://openlegislation.uk/credit-unions-northern-ireland-order-1985/article-53
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.