Credit Unions and Co-operative and Community Benefit Societies Act (Northern Ireland) 2016 No. 16

1 The amendments made by section 4 do not apply in relation to loans made before the coming into operation of that section. N.I.

3 —(1) This paragraph applies if— N.I. (a) before the relevant time, the registrar decides to refuse registration of a society, and (b) an appeal against the decision is made after the relevant time, or is made before that time but not determined by that time. (2) The decision may be overruled on appeal only if it is established that the society would (on an application made after the relevant time)— (a) be entitled to be registered as a co-operative society, or (b) be entitled to be registered as a community benefit society. (3) If the decision is overruled, the court must— (a) state that the society is to be registered as a co-operative society, or (b) state that the society is to be registered as a community benefit society, and the registrar must act accordingly. (4) The “ relevant time ” means the time section 8 comes into operation.