Brian Hayes (Dublin South West, Fine Gael) | Oireachtas source

These are technical amendments made on Committee Stage in the Seanad to provide for consistency in the references to what we refer to as "financial support" to be provided from the credit union fund under Part 3 and Part 4 of the Bill. The definition of "financial support" may take the form of a payment, loan, guarantee, an exchange of assets or any other type of financial accommodation or assistance. This is consistent with the Credit Institutions (Financial Support) Act 2008 and the Central Bank and Credit Institutions (Resolution) Act 2009. The amendments were made for the purposes of consistency.

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