CRED 15.1 Application and purpose

This chapter contains guidance on the investigation and enforcement powers available to the FSA, and its approach to the use of those powers, in respect of:

1. (1)

   [Deleted]1

2. (2)

   credit unions, with respect to their activities of accepting deposits; and

3. (3)

   approved persons of credit unions, as set out in CRED 6.

The FSA's effective and proportionate use of its investigation and enforcement powers plays an important role in the pursuit of its regulatory objectives.