(1) Section 5 of the 2014 Act (grounds for cancellation of registration) applies in relation to a credit union as if it were modified as specified in subsections (1ZA) to (1ZD).
(1ZA) Subsection (1) applies as if for "any of conditions A to E" there were substituted "any of conditions A to F".
(1ZB) Subsection (4)(b) (condition C) applies as if after "this Act" there were inserted "or the Credit Unions Act 1979".
(1ZC) The section applies as if for subsection (5) (condition D) there were substituted -
"(5) Condition D is that it appears to the FCA that the credit union's rules provide for one or more common bonds involving a connection with a locality and the requirements of section 1B of the Credit Unions Act 1979 are no longer met."
(1ZD) The section applies as if after subsection (6) there were inserted -
"(7) Condition F is that the credit union's permission under Part 4A of the Financial Services and Markets Act 2000 has been cancelled or the credit union has received a warning no
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