Oireachtas Joint and Select Committees

Wednesday, 21 November 2012

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance

Credit Union Bill 2012: Committee Stage

5:40 pm

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael)
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When we spoke to the interpretation section of the Bill, we referred to financial services legislation, which the Minister is examining for the purposes of clarity. That will feed into the protocol also. The protocol will be in place, but it is more a case of there being certainty for the credit union side on their exact obligations. The Minister is doing this in a legal context with regard to the protocol.