SCHEDULES

SCHEDULE 4Consequential amendments

Part 1Amendments of the Credit Unions Act 1979

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1

Section 4 (rules) is amended as follows.

2

For subsection (3) substitute—

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.

3

For subsection (5) substitute—

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.