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Statutory Instruments
DEREGULATION
Made
29th April 1996
Coming into force
1st September 1996
Whereas:
the Treasury are of the opinion that certain provisions of the Credit Unions Act 1979(1) impose burdens affecting persons in the carrying on of a trade, business, profession or otherwise and that by amending or repealing the provisions concerned and by making certain other provisions it is possible to remove or reduce the burdens without removing any necessary protection;
the Treasury have consulted such organisations as appear to them to be representative of interests substantially affected by their proposals and such other persons as they consider appropriate;
it appears to the Treasury that it is appropriate following that consultation to proceed with the making of this Order;
a document setting out the Treasury’s proposals has been laid before Parliament in accordance with section 3 of the Deregulation and Contracting Out Act 1994(2) and the period for Parliamentary consideration under section 4 of that Act has expired;
the Treasury have had regard to the representations made during that period;
a draft of this Order has been laid before Parliament with a statement giving details of such representations and the changes to the Treasury’s proposals in the light of those representations; and
a draft of this Order has been approved by resolution of each House of Parliament.
Now, therefore, the Treasury in exercise of the powers conferred on them by section 1 of the Deregulation and Contracting Out Act 1994, hereby make the following Order:—
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