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

Amendment No. 154, which is in the definitions section of the Bill, was moved on Committee Stage in the Seanad. It changes the definition of "stabilisation support" to clarify that such support may include funding unrelated to the reserve requirements. Such funding may be used to update the systems and controls of the credit union and may also include the provision of financial and technical advice to the credit union. This was a recommendation of the Commission on Credit Unions as set out in paragraph 8.5.6 of the report.

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