Seanad amendment No. 19: Section 9: In page 11, line 33, to delete "legislation."." and substitute the following:"legislation. (2) Without prejudice to the generality of subsection (1), the Bank may make regulations prescribing—(a) certain oversight, policies, procedures, processes, practices, systems, controls, skills, expertise and reporting arrangements which the credit union is required to maintain where the Bank considers this is appropriate in the interest of protecting members’ savings or otherwise appropriate to ensure compliance with the requirements imposed under financial services legislation; (b) requirements in relation to the oversight, policies, procedures, processes, practices, systems, controls, skills, expertise and reporting arrangements required to be maintained under this section.".".

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