Seanad debates
Tuesday, 11 December 2012
Credit Union Bill 2012 : Committee Stage
4:40 pm
Darragh O'Brien (Fianna Fail) | Oireachtas source
May I use this opportunity to seek clarification. The Minister of State answered Senator D'Arcy on amendment No. 18, but amendment No. 19 is related to it.
I do not want to delay the debate, but I would like more detail of the savings and share limits the Minister of State mentioned. He said he was replacing an existing subsection with a provision to allow the Central Bank to further restrict any credit union, because there are already restrictions, in relation to the number of deposits and shares held by a member. What is the difference between what is proposed and what is in existence already?
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