UK Act of Parliament 1979 United Kingdom

Credit Unions Act 1979

At a glance

Enforced by

PRA

What this Act requires

Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.

Schedules

Browse 24 other Schedules — structural / supplementary
s.sch001

The name of the society, which shall comply with section...

s.sch001

Provision for the custody and use of the society’s seal....

s.sch001

Provision for the audit of accounts in accordance with Part...

s.sch001

Provision for the withdrawal of members from the society and...

s.sch001

Provision for— (a) terminating the membership of corporate members in...

s.sch001

If the issue of interest-bearing shares is permitted, provision for...

s.sch001

Provision for the dissolution of the society, including provision requiring...

s.sch001

The objects of the society.

s.sch001

The place which is to be the registered office of...

s.sch001

The qualifications for admission to membership of the society, including...

s.sch001

The terms of admission to membership of the society, including...

s.sch001

The mode of holding meetings, including provision as to the...

s.sch001

The appointment and removal of a committee, by whatever name,...

s.sch001

Determination (subject to any applicable rules made by the FCA...

s.sch001

Provision for the mode of withdrawal of shares and for...

s.sch001

The mode and circumstances in which loans to members or...

s.sch002

Not less than fourteen days before giving a direction, the...

s.sch002

The Authority shall consider any representations with respect to the...

s.sch002

(1) On giving such a direction the Authority shall serve...

s.sch002

A notice under this Schedule may be served on a...

s.sch002

Failure to serve a notice under this Schedule on a...

s.sch002

Notice of the giving of a direction shall be published...

s.sch003

(1) The chief registrar may, by order made with the...

s.sch003

(1) When it appears to the Treasury that, the relevant...

Browse 50 other sections — procedural / definitional / commencement
s.001

Common bonds appropriate to a credit union

s.001

Further requirements where common bond relates to locality

s.001

Specified financial activities

s.001

Power to specify further financial activities

s.005

Corporate members

s.007

Power to issue interest-bearing shares

s.009

Power to charge for ancillary services

s.011

Loans to be treated as secured

s.011

Loans by approved credit unions

s.011

Grant of certificates of approval

s.011

Withdrawal of certificates of approval

s.011

Conditional sale and hire purchase agreements

s.011

Agreements to be treated as secured

s.011

Insurance distribution activities

s.017

Section 17: recovery of FCA ’s and PRA ’s costs

s.023

Power to make provision corresponding to provision applying to building societies

s.031

(1) In this Act, references to deferred shares are to...

Enforcement and responsible bodies

The regulators that administer or enforce this legislation.

PRA

Prudential Regulation Authority

Part of the Bank of England. Prudentially regulates and supervises around 1,292 banks, building societies, credit unions, insurers, and major investment firms. …

1 statutory instrument

These instruments amend, apply, or refer to this Act. They may not all create direct business obligations.

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