Article 8 Rules

Northern Ireland

(1)

The rules of a credit union shall be in such form as the F1FCA may determine and shall contain—

(a)

provision with respect to the matters mentioned in Schedule 1;

(b)

such additional provisions as the FCA may determine.

F2(1A)

The rules of a credit union must not be inconsistent with the 2000 Act or any rules made or any requirements imposed by or under that Act.

(2)

An acknowledgement of the registration of a credit union issued under Article 4(2) shall also constitute an acknowledgement, and be conclusive evidence, of the registration under this Order of the rules of that credit union in force at the date of the credit union's registration.

Annotations

Textual amendments

F1: Word in art. 8(1) 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(f) (with art. 3)
F2: Art. 8(1A) inserted (31.3.2012) by 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(7)