Regulation 13

For a period of 3 years starting on 1 November 2019, rule 4 does not apply to an audit committee appointed before that date by the committee of management of a credit society.

For a period of 3 years starting on 1 November 2019, rule 5 does not apply to a member of the committee of management of a credit society who is elected or co‑opted before that date, and who continues, on and after that date, to be a member of that committee.

For a period of 3 years starting on 1 November 2019, Part 4 does not apply to a chief executive officer or chief financial officer of a credit society, or a chief investment officer of a credit society mentioned in rule 7(1), who is appointed before that date, and who continues to hold that office on and after that date.