Regulation 1: ScopeThese Regulations apply to a Co-operative Credit Union registered under a law that provides for the registration of Co-operative Credit Union ...

Regulation 2: Purpose of RegulationsThe purpose of these Regulations is to  (a) establish the Co-operative Credit Unions Supervisory Agency and provid ...

Regulation 3: Co-operative Credit Union  (1) The purpose of a Co-operative Credit Union is to provide financial services to members of that Co-operati ...

Regulation 4: Functions of a Co-operative Credit Union  A Co-operative Credit Union shall (a) accept deposits from members of the Co-operative Cr ...

Regulation 5: Powers of the Bank (1) The Bank shall license a Co-operative Credit Union and supervise the management and operation of that Co-operative Cre ...

Regulation 6: Licensing of a Co-operative Credit Union  (1) A person shall not carry on the business of a Co-operative Credit Union unless   ...

Regulation 16: Financial Standards  (1) The Agency shall, with the approval of the Bank and in consultation with a Co-operative Credit Unions Associat ...

Regulation 17: Deposits (1) A Co-operative Credit Union shall ensure that a member of that Co-operative Credit Union does not hold more than ten percent of ...

Regulation 18: Loans (1) A Co-operative Credit Union shall grant loans in compliance with these Regulations, the policy of the Co-operative Credit Union an ...

Regulation 19: Investment (1) A Co-operative Credit Union may invest part of its funds. (2) Where a Co-operative Credit Union decides to invest part o ...

Regulation 20: Reserves and dividends (1) A Co-operative Credit Union shall, at the end of each financial year, pay into the Central Finance Facility, an a ...

Regulation 21: Borrowing by Co-operative Credit Union  (1) A Co-operative Credit Union may borrow money but may only do so in accordance with a resolu ...

Regulation 22: Application of section 25(3) to (6) of Act 792 Section 25(3) to (6) of the Interpretation Act, 2009 (Act 792) applies where a Co-operative C ...