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

This amendment clarifies that sections 27B, 27G and 27H of the Central Bank Act 1997 continue to apply to credit unions. These sections relate to the duties of auditors to provide reports to the Central Bank. Section 27B already makes reference to section 122 of the Credit Union Act 1997. It relates to auditor management and statutory duty declarations. I should emphasise that this amendment is not applying any new provision on credit union auditors but simply reflecting provisions that already apply, but does so in a more precise way.