- Latest available (Revised)
- Original (As enacted)
There are currently no known outstanding effects for the Credit Unions Act 1979, Section 9A.
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
(1)A credit union which provides an ancillary service to a member or any other person from whom the credit union has accepted a deposit may charge [F2such fee as it considers appropriate for] providing that service.
(2)In this section, “ancillary service” means any service which is ancillary to [F3an activity mentioned in subsection (3)], and includes—
(a)the making or receiving of payments, made by way of standing order, direct debit or any other means, as agent for a member or any other person from whom the credit union has accepted a deposit;
(b)issuing and administering means of payment (for example, chequebooks and debit cards);
(c)money transmission services;
(d)giving advice on the services specified by paragraphs (a) to (c) above.]
[F4(3)The activities mentioned in this subsection are—
(a)accepting a deposit;
(b)making a loan;
(c)entering into a conditional sale agreement, as the seller;
(d)entering into a hire purchase agreement, as the person from whom goods are bailed or (in Scotland) hired.]
Textual Amendments
F1S. 9A inserted (13.2.2003) by Regulatory Reform (Credit Unions) Order 2003 (S.I. 2003/256), arts. 1, 5
F2Words in s. 9A(1) substituted (8.1.2012) by The Legislative Reform (Industrial and Provident Societies and Credit Unions) Order 2011 (S.I. 2011/2687), arts. 1(1)(b), 20 (with arts. 25, 26, 28)
F3Words in s. 9A(2) substituted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 14 para. 6(2); S.I. 2023/779, reg. 4(eee)
F4S. 9A(3) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 14 para. 6(3); S.I. 2023/779, reg. 4(eee)
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: