Joint Committee on Statutory Instruments Thirty-First Report


APPENDIX I

Memorandum by HM Treasury

INDUSTRIAL AND PROVIDENT SOCIETIES (CREDIT UNIONS) (AMENDMENT OF FEES) REGULATIONS 1998 (S.I. 1998/672)

The Committee requested a memorandum to explain why Schedule 2 did not set out, against each fee figure, the amount of the previous fee in accordance with Statutory Instrument Practice, paragraph 2.77.

2.  It is very much regretted that due to an oversight these figures were not included with the documentation sent to the Committee. The attached table sets out the comparative figures for Schedule 2.

3.  The Treasury very much regrets this mistake and apologises for it. Steps are being taken to ensure it is not repeated.

20th April 1998

Industrial and Provident Societies (Credit Unions) (Amendment of Fees) Regulations

From 01.04.97 From 01.04.98
£ £
Schedule 2
1) new society 670 800
- if using a statutory declaration n/a 750
2) complete amendment of rules 410 450
3) partial amendment of rules 205 225
4) change of name 105 110
5) change of registered office 40 40
6) special resolution - amalgamation/transfer 250 300
7) appointment of an inspector 205 225
8) instrument of dissolution 260 325
9) division of assets
a) assets less than £1,000 20% of assets 20% of assets
b) assets exceed £1,000 £200 + £10 per £100 £200 + £10 per £100
10) registration of a document 40 40
11) inspection of a document 8 8
12) copy
a) uncertified
i) up to 5 pages 3 3
ii) each page over 5 0.60 0.60
b) certified copy 8 8
(in addition to fee at (a) above)
13) copies sent by post 5 5
(in addition to fees at 12 above)
14) new society (model rules) 310 350
- if using statutory declaration n/a 300
15) complete amendment of model rules 170 200
16) alteration to membership qualification
supported by statutory declaration £100 reduction from £100 reduction from
appropriate fee appropriate fee
17) alteration to rules in conjunction with
section 11c certificate n/a £100 reduction from
appropriate fee
18) Rules examination section 8 nil nil
19) registration of annual return 25 25
20) approval of model rules from a
sponsoring body 670 800
21) amendment to model rules — up to 6
changes 205 250
22) application to cancel 40 40
23) certificate of approval under section 11c 300 425
24) section 6(5) approval n/a 425
25) section 6(5) approval if in conjunction
with section 11c n/a 100
1967 Act section 1(2)(b)

52 60



 
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