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Status: You are viewing the version of the handbook as on 2009-03-31.

CRED 13.1 Application and purpose

CRED 13.1.1G

This chapter applies to:

  1. (1)

    [Deleted]1

  2. (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

  3. (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

  4. (3)

    a candidate, but only as a matter of general relevance.

CRED 13.1.2G

This chapter gives guidance about:

  1. (1)

    what it means to become1 a credit union with a Part IV permission to accept deposits;

  2. (2)

    the application procedures for persons wishing to become1 a credit union;

  3. (3)

    the procedures by which an applicant can obtain approval for persons to perform controlled functions under the approved persons regime; and

  4. (4)

    the FSA's decision making procedures for Part IV permission and approved persons applications.