We asked for your views on increasing the limit on holding ordinary shares (savings limit) in a credit union.
20 responses were received, none of which opposed the idea and 18 were wholly supportive.
The legislation was made as proposed and will come into effect in January 2021, subject to Tynwald approval.
A proposal to make an Order that will increase the limit for savings in a credit union.
Required by section 28 Credit Unions Act 1993
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