Dáil debates
Wednesday, 12 October 2011
Central Bank and Credit Institutions (Resolution) (No. 2) Bill 2011: Report and Final Stages
1:00 pm
Michael Noonan (Limerick City, Fine Gael)
I move amendment No. 12:
In page 81, between lines 18 and 19, to insert the following:
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| 1 | Section 2(1), definition of "articles of association", paragraphs (a) to (c) | Substitute:"(a) in the case of a credit institution that is established by charter, its bye-laws, and(b) in the case of a credit institution that is a building society, its rules;". |
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Amendments Nos. 12, 13, 20, 21, 22 and 24 are being proposed to reflect the fact that upon enactment of this Bill, the credit unions will no longer fall within the scope of the Credit Institutions (Stabilisation) Act 2010. Therefore, these amendments delete those parts of the 2010 Act that were specific to credit unions.
The role of the 2010 Act is being taken by this Bill. References to credit unions will be removed from the 2010 Act.
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