Prohibition on deposit-takingN.I.
25.—(1) Subject to Articles 26 and 27, a credit union shall not accept a deposit from any person except by way of subscription for its shares.
(2) F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4) F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(5) F3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F1Art. 25(2) omitted (31.3.2012) by virtue of Financial Services and Markets Act 2000 (Permissions, Transitional Provisions and Consequential Amendments) (Northern Ireland Credit Unions) Order 2011 (S.I. 2011/2832), arts. 1(2), 13(12)
F2Art. 25(4) omitted (31.3.2012) by virtue of Financial Services and Markets Act 2000 (Permissions, Transitional Provisions and Consequential Amendments) (Northern Ireland Credit Unions) Order 2011 (S.I. 2011/2832), arts. 1(2), 13(12)
F3Art. 25(5) omitted (31.3.2012) by virtue of Financial Services and Markets Act 2000 (Permissions, Transitional Provisions and Consequential Amendments) (Northern Ireland Credit Unions) Order 2011 (S.I. 2011/2832), arts. 1(2), 13(12)