CRED 13.1 Application and purpose

This chapter applies to:

1. (1)

   [Deleted]1

2. (1A)

   a person considering applying to the FSA for approval of the use in a name of the words "credit union" or "undeb credyd";2

3. (2)

   a person applying, or considering applying, to the FSA to become authorised as a credit union with a Part IV permission to accept deposits; and

4. (3)

   a candidate, but only as a matter of general relevance.

This chapter gives guidance about:

1. (1)

   what it means to become1 a credit union with a Part IV permission to accept deposits;

2. (2)

   the application procedures for persons wishing to become1 a credit union;

3. (3)

   the procedures by which an applicant can obtain approval for persons to perform controlled functions under the approved persons regime; and

4. (4)

   the FSA's decision making procedures for Part IV permission and approved persons applications.