Check your settings below and select the cookies you’re happy with.

Strictly Necessary Cookies

These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. These cookies do not store any information which allows us to identify you unless you are logged into your account.

Performance Cookies

These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not know when you have visited our site and will not be able to monitor its performance.

Functional Cookies

These cookies enable the website to provide enhanced functionality and personalisation. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies then some or all of these services may not function properly.

Targeting Cookies

These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. They do not store directly information which allows us to identify you personally but are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less targeted advertising.

Find out more about www.allaboutcookies.org or view our cookie policy.

Skip to main content

Home
FCA Handbook
CRED
CRED 15
CRED 15 Annex 1 Enforcement Powers

CRED 15 Annex 1 Enforcement Powers

G01/12/2004

	SUBJECT	SECTION OF THE RELEVANT ACTS
CANCELLATION OR SUSPENSION OF REGISTRATION
	Power to cancel the registration of a credit union	Industrial & Provident Societies Act 1965, s.16 as applied by Credit Unions Act 1979, s.20(1)
	Power to suspend the registration of a credit union	Industrial & Provident Societies Act 1965, s.17 as applied by Credit Unions Act 1979, s.20(1)
INSOLVENCY PROCEEDINGS
	Provision of information: when a credit is in receivership	Industrial & Provident Societies Act 1965, s.43
	Provision of information: when a credit union is subject to a creditors' voluntary liquidation	Industrial & Provident Societies Act 1965, s.59
INFORMATION GATHERING AND INVESTIGATION POWERS
	Power to require information from individuals who are, or have been, officers of a credit union	Industrial & Provident Societies Act 1965, s.48 extended by Credit Unions Act 1979, s.17(1)
	Power to appoint an investigator to look into the affairs of a credit union	Industrial & Provident Societies Act 1965, s.49 extended by Credit Unions Act 1979, s.18(1)
AUDITING OF ACCOUNTS
	Power to require the financial accounts of a credit union for past years to be audited	Industrial & Provident Societies Act 1965, s.9(c)
COMPULSORY WINDING UP
	Power to petition the court for the winding up of a credit union	Credit Unions Act 1979,s.20(2)
PROSECUTION OF CRIMINAL OFFENCES
	Power to prosecute offences under the Industrial & Provident Societies Act 1965, Industrial & Provident Societies Act 1968 and the Credit Unions Act 1979	Credit Unions Act 1979,s.28 1