Section 7 of the Principal Act is amended -

(a) in subsection (1), by the substitution of "Subject to subsection (1A), an application" for "An application",

(b) by the insertion of the following subsection after subsection (1):

"(1A) An application for the registration of a society as a credit union pursuant to section 6(6) shall be made to the Bank and shall be signed on behalf of each credit union which is a member of the society by the secretary of each such credit union.",

and

(c) in subsection (2), by the substitution of "An application under subsection (1) or (1A)" for "An application under subsection (1)".