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Paragraph 9

Original text. Later amendments are not shown.

(1)

Article 53 (duties of receiver or manager of credit union’s property) is amended as follows.

(2)

Number the existing provision as paragraph (1).

(3)

In that paragraph (1), for “the Authority”, in each place, substitute “the appropriate person”.

(4)

In that paragraph (1), in sub-paragraph (b), omit the parenthesis after “1 month”.

(5)

After that paragraph (1), insert—

“(2)

In this article, “the appropriate person” means—

(a)

the registrar;

(b)

the FCA; and

(c)

if the society is a PRA-authorised person, the PRA.

(3)

The registrar, 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).”.