Article 71 Restriction on dissolution or cancellation of registration of credit union
Northern Ireland
Where a credit union is to be dissolved under Article 68 the credit union shall not be dissolved until there has been lodged with the F1FCA a certificate that all property vested in the credit union has been duly conveyed or transferred to the persons entitled and such certificate shall be signed—
where the credit union is to be dissolved under Article 68(a), by the liquidator; or
where the credit union is to be dissolved under Article 68(b), by the secretary or other officer of the credit union approved by the FCA .
The registration of a credit union shall not be cancelled by the FCA under Article 65(6) or 66(3) until there has been lodged with the FCA a certificate signed by the secretary or other officer of the credit union approved by the FCA that all property vested in the credit union has been duly conveyed or transferred by the credit union to the persons entitled.
Annotations
Textual amendments
- F1
Word in art. 71 substituted (6.4.2018 immediately after 2016 c. 16 (N.I.), s. 8(2) comes into force) by The Financial Services Act 2012 (Mutual Societies) Order 2018 (S.I. 2018/323), art. 1, Sch. 3 para. 2(u) (with art. 3)