CRED 13.1 Application and purpose
This chapter applies to:
- (1)
[Deleted]1
- (1A)
a person considering applying to the FSA for approval of the use in a name of the words "credit union" or "undeb credyd";2
- (2)
a person applying, or considering applying, to the FSA to become authorised as a credit union with a Part IV permission to accept deposits; and
- (3)
a candidate, but only as a matter of general relevance.
This chapter gives guidance about:
- (1)
what it means to become1 a credit union with a Part IV permission to accept deposits;
- (2)
the application procedures for persons wishing to become1 a credit union;
- (3)
the procedures by which an applicant can obtain approval for persons to perform controlled functions under the approved persons regime; and
- (4)
the FSA's decision making procedures for Part IV permission and approved persons applications.