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United Kingdom Statutory Instruments |
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You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The Industrial and Provident Societies (Credit Unions) (Amendment of Fees) Regulations 1988 No. 451 URL: http://www.bailii.org/uk/legis/num_reg/1988/uksi_1988451_en.html |
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Statutory Instruments
INDUSTRIAL AND PROVIDENT SOCIETIES
Made
8th March 1988
Laid before Parliament
10th March 1988
Coming into force
1st April 1988
The Treasury, in exercise of the powers conferred upon them by sections 70(1) and 71(1) of the Industrial and Provident Societies Act 1965(1), as applied by section 7(2) of the Industrial and Provident Societies Act 1967(2) and section 31(2) of the Credit Unions Act 1979(3), and of all other powers enabling them in that behalf, hereby make the following Regulations:
1. These Regulations may be cited as the Industrial and Provident Societies (Credit Unions) (Amendment of Fees) Regulations 1988 and shall come into force on 1st April 1988.
2. The Industrial and Provident Societies (Credit Unions) Regulations 1979(4) shall be amended by substituting for Schedule 2 thereto the following Schedule:-
Regulation 17
| £ | |
|---|---|
| For the acknowledgement of registration of a credit union (except as hereinafter provided) ... ... ... ... | 380 |
| For the acknowledgement of registration of an amendment of rules being a substitution of an entire set of rules for the existing set of rules (except as hereinafter provided) | 255 |
| For the acknowledgement of registration of an amendment of rules not being a substitution of an entire set of rules for the existing set of rules (except that no fee shall be payable for the acknowledgement of registration of an amendment of rules made for the purposes of section 10(2)(b) of the 1965 Act) ... ... ... ... | 120 |
| For the approval of a change of name ... ... ... ... | 120 |
| For the registration of a notice of change in the situation of a registered office | 23 |
For the registration of a special resolution where the special resolution relates to an amalgamation or a transfer of engagements and the credit union passing it has- (a ) 100 members or less ... ... ... ... | 50 |
(b) more than 100 members but not more than 500 ... ... ... ... | 75 |
(c) more than 500 members but not more than 1,000 ... ... ... ... | 95 |
(d) more than 1,000 members ... ... ... ... | 120 |
| For the appointment of an inspector, or the calling of a special meeting by the Chief Registrar or the Assistant Registrar of Friendly Societies for Scotland (except that no fee shall be payable where an inspector is appointed or a special meeting called by the Chief Registrar pursuant to section 18 of the 1979 Act) | 135 |
| For the registration of an instrument of dissolution or alteration therein where the society has- (a) 100 members or less ... ... ... ... | 50 |
(b) more than 100 members but not more than 500 ... ... ... ... | 75 |
(c) more than 500 members but not more than 1,000 ... ... ... ... | 95 |
(d) more than 1,000 members ... ... ... ... | 120 |
| For the reference of a dispute to the Registrar ... ... ... ... | 7.50 |
| For the award of a Registrar on a dispute where the award is made without an oral hearing or upon one oral hearing without adjournment ... ... ... ... | 31 |
| and if more than one oral hearing becomes necessary, then for every such additional hearing ... ... ... ... | 31 |
| For the award of the Chief Registrar for the appropriation or division of the assets of a society on dissolution- where the value of the assets is less than £600, 22 per cent of that value; where the value of the assets is £600 or more, £130 with an additional £8 for every £100 or part thereof in excess of £600. For every document (except as otherwise provided) required to be signed by a Registrar or to bear the seal of the Central Office not chargeable with any other fee ... ... ... ... | 15 |
| For the inspection of any particular day of documents on the file kept by a Registrar under regulation 16 of these Regulations or sections 1(3) and 4(3) of the 1967 Act relating to a single credit union ... ... ... ... | 3 |
| For the provision of a copy of the whole of or an extract from any document- (a) where the copy is a photocopy and is not certified as a true copy of a document in the custody of the Registrar (except as may be necessary for the examination of the copy)- (i) where the copy does not exceed 5 pages, or for the first 5 pages of a copy which exceeds 5 pages ... ... ... ... | 0.85 |
(ii) for every page of a copy after the fifth page ... ... ... ... | 0.15 |
(b) where the copy is not a photocopy and is not so certified- (i) where the copy does not exceed 216 words, or for the first 216 words of a copy which exceeds 216 words ... ... ... ... | 6.10 |
(ii) for each complete folio of 72 words by which a copy exceeds 216 words ... ... ... ... | 1.20 |
(c) where the copy, whether a photocopy or not, is certified as provided in subparagraph (a) above (as an addition to whatever fee would be payable if the copy were not so certified and the fee for the signature of a Registrar or the seal of the Central Office) ... ... ... ... | 3 |
The fee for the acknowledgement of registration of a credit union the rules of which are in the form of model rules, where the application for the registration is made through and endorsed by the association or body which has sponsored the rules contained in the said model, shall be £150. The fee for the acknowledgement of registration of an amendment of rules being a substitution of an entire set of rules for the existing set of rules, where the entire set of rules is in the form of model rules and where the application for registration is made through and endorsed by the association or body which has sponsored the rules contained in the said model, shall be £105. The fee to be delivered to the Central Office pursuant to section 1(2)(b) of the 1967 Act or to the Assistant Registrar of Friendly Societies for Scotland pursuant to section 4(1)(c) of the 1967 Act shall be £1" |
3. The Industrial and Provident Societies (Credit Unions) (Amendment of Fees) Regulations 1987(5)are hereby revoked.
David Lightbown
Mark Lennox-Boyd
Two of the Lords Commissioners of Her Majesty's Treasury
8th March 1988
(This note is not part of the Regulations)
These Regulations supersede the Industrial and Provident Societies (Credit Unions) (Amendment of Fees) Regulations 1987. They generally increase by about 6% the fees to be paid for matters to be transacted and for the inspection of documents under the Industrial and Provident Societies Acts 1965 and 1967 and the Credit Unions Act 1979.
However the fees for registration of a notice of change in the situation of the registered office, a special resolution in respect of an amalgamation or transfer of engagements, and of an instrument of dissolution or alteration therein have been increased so as to align them with the fees applicable to friendly societies. These Regulations apply only in relation to societies registered as credit unions under the Industrial and Provident Societies Act 1965.
