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Credit Unions Act 1979
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Changes over time for: Section 11C
No versions valid at: 01/02/1991
Alternative versions:
- 01/09/1996- Amendment
- 01/02/1991
Point in time - 01/12/2001- Amendment
- 02/07/2002- Amendment
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Point in time view as at 01/02/1991. This version of this provision is not valid for this point in time.
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Valid from 01/09/1996
11C Grant of certificates of approvalE+W+S
F1(1)The appropriate registrar may, on the application of a credit union, issue a certificate of approval to it if it appears to him that, in relation to the kind of lending permitted under section 11B above, the arrangements for the management of the credit union and its activities are satisfactory.
(2)Applications under subsection (1) above shall be in writing.
(3)The appropriate registrar may only refuse an application under subsection (1) above if he has complied with subsections (4) and (5) below.
(4)Not less than fourteen days before refusing an application under subsection (1) above, the appropriate registrar shall serve on the credit union concerned a notice stating that he proposes to refuse the application and specifying the grounds on which he proposes to do so.
(5)The appropriate registrar shall—
(a)consider any representations with respect to a notice under subsection (4) above which may be made to him by the credit union concerned within such period as he may allow, not being less than fourteen days from the date on which the notice is served, and
(b)if the credit union concerned so requests, afford it an opportunity of being heard by him within that period.
Textual Amendments
F1Ss. 11B-11D inserted (1.9.1996) by S.I. 1996/1189 arts. 1, 7
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