Explanatory note
(This note is not part of the Regulations)
These Regulations increase the fees payable for registration and other transactions under the Industrial and Provident Societies Acts 1965 and 1967 and the Credit Unions Act 1979. They revoke regulation 17 of the Industrial and Provident Societies (Credit Unions) Regulations 1979 and Industrial and Provident Societies (Credit Unions) (Amendment of Fees) Regulations 1998.
Taking all fees together, some of which remain unchanged, the overall increase is about 7.5%. The changes are as follows:–
| Nature of Application | Fee Payable 1998–1999 | Fee Payable from 1999 |
|---|---|---|
| £ | £ | |
1 Registration of a society. (a) with a statutory declaration | 750 | 825 |
| (b) other cases. | 800 | 880 |
2 Registration of a complete amendments of rules. | 450 | 495 |
3 Registration of partial amendment of rules. | 225 | 250 |
4 Approval of change of name. | 110 | 120 |
6 Registration of a special resolution amalgamation or a transfer of engagements. | 300 | 330 |
7 Appointment of an inspector/calling of a special meeting. | 225 | 250 |
8 Registration of an instrument of dissolution. | 325 | 355 |
10 Other document required to be signed by a Registrar or sealed. | 40 | 45 |
14 Registration of a credit union using model rules– (a) with statutory declaration; | 300 | 330 |
| (b) other cases. | 350 | 385 |
15 Registration of a substitution of an entire set of rules using model rules. | 200 | 220 |
20 Approval of a form of model rules submitted by a sponsoring association or body. | 800 | 880 |
21 Approval of a partial amendment to a form of model rules submitted by a sponsoring association or body. | 250 | 275 |
23 Application for issue of a section 11C certificate. | 425 | 465 |
24 Application for issue of a section 6(5) certificate. | 425 | 465 |
25 Application for issue of a section 6(5) and 11C certificates. | 100 | 110 |
| Reduction in fee payable 1998–1999 | Reduction in fee payable From 1999 | |
| £ | £ | |
16 Reduction where registration of an amendment of rules includes that of the common bond and is accompanied by a statutory declaration. | 100 | 110 |
17 Reduction where registration of an amendment of rules is in conjunction with an application for a section 11C certificate. | 100 | 110 |
A review of the cost of compliance with these Regulations has been undertaken and the resulting regulatory impact assessment may be purchased from the Registry of Friendly Societies, Victory House, 30–34 Kingsway, London WC2B 6ES.