Co-operative and Community Benefit Societies Act 2014

6(1)Section 6 (minimum number of members) is amended as follows.E+W+S

(2)In subsection (1), omit the words from “and, accordingly” to the end.

(3)After that subsection insert—

(1A)Accordingly, references in the following provisions to 3 members are to be read as 21 members—

(a)section 3(1)(a)(i) of the 2014 Act as it applies to an application for registration as a credit union;

(b)section 5(3)(b) of that Act as it applies to the cancellation of a credit union's registration;

(c)section 115(2) as it applies to the conversion of a company into a credit union.