CRED 2.8 Schedules
CRED contains eight schedules as follows:
Transitional provisions
The list of transitional provisions in CRED modifies the general transitional provisions contained elsewhere in the Handbook to apply specifically to credit unions.
Schedule 1: Record keeping requirements
Schedule 1 provides a list of the detailed record keeping requirements in CRED and where they are to be found.
Schedule 2: Notification requirements
Schedule 2 provides a list of the detailed notification requirements in CRED and where they are to be found.
Schedule 3: Fees and other required payments
Schedule 3 provides a list of any fees and other payments for which a credit union may be liable under CRED. As details of fees and other payments appear elsewhere in the Handbook, we have also included a table of where these can be found. (Note that these will also be summarised in Schedule 3 to the relevant Handbook module in which they appear).1
Schedule 4: Powers exercised in making the Handbook.
Schedule 5: Rights of action for damages
Schedule 5:
- (1)
gives guidance (where relevant) on the availability of rights of action to private persons under section 150 of the Act; and
- (2)
- (a)
to which rights of action under section 150(1) of the Act; and
- (b)
to which rights of action apply at the suit, not only of a private person, but of a person who is not a private person, in accordance with section 150(3), with a statement to whom the rights have been extended.
- (a)
Schedule 6: Rules that can be waived
Schedule 7: Schedule of releases
- (1)
The purpose of schedule 7 is to help credit unions keep track of amendments made to CRED since it was first published. It lists by serial number each release issued, its date of publication and its contents. The full text of each release is on the FSA's website at www.fsa.gov.uk.