Brian O'Shea (Waterford, Labour)
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Question 306: To ask the Minister for Finance his proposals to meet the concerns of the Waterford League of Credit Unions in regard to the IFSRA proposed restrictions of the investment options available to credit unions (details supplied); and if he will make a statement on the matter. [6438/06]

Brian Cowen (Laois-Offaly, Fianna Fail)
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My Department has been informed by the Registrar of Credit Unions that he is continuing his review of the appropriate investment framework for credit unions, in consultation with the representative bodies for credit unions. Once submitted to my Department, the registrar's recommendations on a revised investment framework for credit unions will be examined by the Credit Union Advisory Committee, the advisory body on credit union matters under the Credit Union Act 1997.