Credit Union (Amendment) Act 2023

Amendment of section 43 of Principal Act (investments)

24. Section 43 of the Principal Act is amended, in subsection (2), by the substitution of the following paragraph for paragraph (b):

“(b) the shares of, stocks in, deposits with, loans to, or any other obligation of, a corporate credit union, a society registered under the Industrial and Provident Societies Act 1893 or a company—

(i) providing services relating to the objects and purposes specified in section 6(2), or

(ii) engaging in activities relating to the operations of credit unions,

as the Bank may prescribe;”.