Credit Union and Co-operation with Overseas Regulators Act 2012
Appeal against certain decisions of Bank.
14.— The Principal Act is amended by substituting the following for section 52:
“52.— The following decisions are appealable decisions for the purposes of Part VIIA of the Central Bank Act 1942:
(a) a decision by the Bank under section 6A for the purposes of subsection (1) or (2) of that section;
(b) a decision by the Bank under section 11(5) to direct a credit union to change its name to a name approved by the Bank;
(c) a decision by the Bank under section 41(5) to direct a credit union to dispose of the interest to which the direction relates;
(d) a decision by the Bank under section 49(3)(b) to refuse to grant approval;
(e) a decision by the Bank under section 50(3)(a) to withdraw an approval granted under section 49;
(f) a decision by the Bank under section 50(3)(b) to vary any condition imposed on such an approval;
(g) a decision by the Bank to impose any condition on such an approval (whether at the time the approval is granted or later by virtue of section 50(3)(c));
(h) a decision by the Bank to give a regulatory direction under subsection (1) or (2) of section 87.”.