Minister for Finance commences certain sections of the Credit Union and Co-operation with Overseas Regulators Act 2012

The Minister for Finance, Mr. Michael Noonan TD, has signed an Order commencing certain sections of the Credit Union and Co-operation with Overseas Regulators Act 2012. These sections will come into effect on 1 January 2016. The sections being commenced are:

  1. sections 8, 10, 11, 12, 13, 30 and 38;
  2. Schedule 1, in so far as it relates to items 9, 10, 31, 56, 76, 102, 134, 135 and 143.

This Order provides for the commencement of particular provisions of the Act mainly in relation to Savings, Borrowing, Lending, Investments, Reserves and Liquidity.

This Order also provides for the commencement of a number of miscellaneous and consequential amendments to the Credit Union Act 1997 in Schedule 1.

S.I. 584 of 2015

ENDS

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