Brian Cowen (Laois-Offaly, Fianna Fail)

I move amendmentNo. 21:

In page 18, after line 15, to insert the following new section:

21.—The Credit Union Act 1997 (Alteration of Financial Limits) Regulations 2007 (S.I. No. 193 of 2007) are revoked.

The purpose of this amendment is to revoke the Credit Union Act 1997 (Alteration of Financial Limits) Regulations 2007. I stated yesterday that SI 193 of 2007 was brought into force to implement recommendations of the review group on longer-term lending limits for credit unions. These reforms have now been confirmed by section 17 so the statutory instruments will be redundant once section 17 has commenced.

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