# The Legislative Reform (Industrial and Provident Societies and Credit Unions) Order 2011, Article 24: Transitional provisions

Extent: E+W+S

For the purposes of sections 1, 1A and 1B of the 1979 Act as amended or inserted by articles 12 and 13—
(a) any reference in the rules of a credit union to a qualification for admission to membership shall, if the context requires, be interpreted as a reference to a common bond;
(b) any qualification for admission to membership of a credit union approved by the Authority before this Order comes into force shall be treated as a common bond approved by the Authority.

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Source: https://www.legislation.gov.uk/uksi/2011/2687/article/24 (the official version)
Page: https://openlegislation.uk/legislative-reform-industrial-and-provident-societies-and-credit-unions-order-2011/article-24
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.