CRED 16.1 Application and Purpose

The Decision Making manual (DEC) gives guidance on the FSA's decision making and other procedures for giving statutory notices under the Act, including rights to make representations and procedures for referral to the Tribunal and, in certain circumstances, access to mediation (as explained in DEC App 1). It also gives guidance on the FSA's procedure for using its powers under Part XXV of the Act (Injunctions and restitution) and to prosecute criminal offences. It is relevant to every credit union.

Section 395 of the Act (The FSA's procedure) requires the FSA to publish a statement of its procedure for the giving of statutory notices. The purpose of DEC is to fulfil this obligation.