Commentary on Sections and Schedules Commencement and short title
112.Section 55 – Commencement.
113.This section sets out that Part 1 of the Act and most of Part 2 will come into force on the day after the day on which Royal Assent is given. Subsection (2) provides that section 51, which provides for the transfer of supervisory and enforcement functions in relation to credit unions in Northern Ireland, and related provisions, are to be commenced by order.