Paragraph 3
Northern Ireland
On giving such a direction the registrar shall serve the direction on the credit union and shall serve on every member of its board of directors a notice of the giving of the direction.
The direction and notices served in accordance with sub-paragraph (1) shall be accompanied by a notice specifying the considerations which have led the registrar to conclude that he should give the direction.
The registrar may not give such a direction unless all the considerations so specified were those, or were among those, which were specified in the notice under paragraph 1.
Notes on Schedule 3
Textual amendments
- F1
Sch. 3 (paras. 1-5) 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(40)