Credit Unions Act 1979
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Change 1
4 Rules.
(1) The rules of a credit union shall be in such form as the FCA may determine and shall contain— (a) provision with respect to the matters mentioned in Schedule 1 to this Act; and (b) such additional provision as the FCA may determine. (1A) The FCA must consult the PRA before determining any provision under subsection (1)(b) which relates to credit unions which are PRA -authorised persons. (2) The rules of a credit union may not be amended except by a resolution passed by not less than two-thirds of the members present at a general meeting called for the purpose after the giving of such notice as is by the rules required for such a resolution. (3) In section 16(4) of the 2014 Act (registration of amendment of rules where not contrary to that Act) as it applies to credit unions, the reference to that Act is to be read as a reference to that Act and this Act. (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5) Section 21 and paragraph 5 of Schedule 3 of the 2014 Act (rules as to fund for purchase of government securities) do not apply to credit unions.
4 Rules.
(1) The rules of a credit union shall be in such form as the FCA may determine and shall contain— (a) provision with respect to the matters mentioned in Schedule 1 to this Act; and (b) such additional provision as the FCA may determine. (1A) The FCA must consult the PRA before determining any provision under subsection (1)(b) which relates to credit unions which are PRA -authorised persons. (2) The rules of a credit union may not be amended except by a resolution passed by not less than two-thirds of the members present at a general meeting called for the purpose after the giving of such notice as is by the rules required for such a resolution. (3) In section 16(4) of the 2014 Act (registration of amendment of rules where not contrary to that Act) as it applies to credit unions, the reference to that Act is to be read as a reference to that Act and this Act. (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5) Section 21 and paragraph 5 of Schedule 3 of the 2014 Act (rules as to fund for purchase of government securities) do not apply to credit unions.
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