Credit Union Act 1997
General regulations.
182.—(1) F428[The Minister may make regulations]—
(a) F429[…]
(b) F429[…]
(c) F429[…]
(d) F429[…]
(e) F429[…]
(f) F429[…]
(g) making provision with respect to the further defining of the exercise of a significant influence as mentioned in section 87(1)(e);
(h) F430[…]
(i) F430[…]
(j) providing for the inspection, and furnishing of copies, of documents in the custody of the F428[Bank];
(k) F431[…]
(l) making provision with respect to the settlement of disputes in accordance with section 125;
F432[(la) making provision with respect to all or any of the matters provided for in section 82(6);]
(m) F433[…]
F434[(n) prescribing any other matter which, under any provision of this Act, is to be prescribed except where it is provided that the matter is to be prescribed by the Bank.]
F435[(1A) The Minister may make regulations under this section only after consulting the Bank, the Advisory Committee and any other body appearing to the Minister to have expertise or knowledge of credit unions.]
(2) Regulations under this section may relate to all or any one or more of the matters referred to in subsection (1).
(3) Regulations under this Act may provide that any person contravening the regulations shall be guilty of an offence and liable on F436[…] conviction to a fine not exceeding an amount specified in the regulations.
F428[(4) The amount that may be specified for such an offence may not exceed—
F437[(a) if the offence is tried summarily, a class C fine, or]
(b) if the offence is tried on indictment, €12,500.]
(a) on summary conviction, £1,000, or
(b) on conviction on indictment, £10,000.
(5) Regulations under this section may apply either generally or by reference to a specified category or categories of credit unions, or to a specified time or times, or during a specified period or periods or by reference to any other matter as the Minister may consider appropriate.
(6) Without prejudice to any specific provision of this Act, regulations may contain such incidental, consequential, transitional or supplementary provisions (including provisions for the purpose of effecting the transition to this Act from the enactments repealed by this Act and the Industrial and Provident Societies Acts, 1893 to 1978), as may appear to the Minister to be necessary or proper for any purpose of this Act or in consequence of, or to give full effect to, any provision of this Act.
Annotations
Amendments:
F428
Substituted (1.05.2003) by Central Bank and Financial Services Authority of Ireland Act 2003 (12/2003), s. 35(1) and sch. 1 pt. 24 item 121, S.I. No. 160 of 2003, subject to transitional provisions in s. 36 and sch. 3 paras. 26 and 27.
F429
Deleted (1.01.2016) by Credit Union and Co-operation with Overseas Regulators Act 2012 (40/2012), s. 35 and sch. 1 item 134, S.I. No. 584 of 2015.
F430
Deleted (1.01.2016) by Credit Union and Co-operation with Overseas Regulators Act 2012 (40/2012), s. 35 and sch. 1 item 135, S.I. No. 584 of 2015.
F431
Deleted (11.10.2013) by Credit Union and Co-operation with Overseas Regulators Act 2012 (40/2012), s. 35 and sch. 1 item 136, S.I. No. 393 of 2013.
F432
Inserted (16.12.2020) by Finance (Miscellaneous Provisions) Act 2020 (25/2020), s. 13, commenced on enactment.
F433
Deleted (11.10.2013) by Credit Union and Co-operation with Overseas Regulators Act 2012 (40/2012), s. 35 and sch. 1 item 137, S.I. No. 393 of 2013.
F434
Substituted (11.10.2013) by Credit Union and Co-operation with Overseas Regulators Act 2012 (40/2012), s. 35 and sch. 1 item 138, S.I. No. 393 of 2013.
F435
Inserted (1.05.2003) by Central Bank and Financial Services Authority of Ireland Act 2003 (12/2003), s. 35(1) and sch. 1 pt. 24 item 121, S.I. No. 160 of 2003, subject to transitional provisions in s. 36 and sch. 3 para. 27(1).
F436
Deleted (1.05.2003) by Central Bank and Financial Services Authority of Ireland Act 2003 (12/2003), s. 35(1) and sch. 1 pt. 24 item 121, S.I. No. 160 of 2003, subject to transitional provisions in s. 36 and sch. 3 para. 27.
F437
Substituted (11.10.2013) by Credit Union and Co-operation with Overseas Regulators Act 2012 (40/2012), s. 35 and sch. 1 item 139, S.I. No. 393 of 2013. A Class C fine means a fine not greater than €2,500 as provided (4.01.2011) by Fines Act 2010 (8/2010), ss. 3, 6(1), S.I. No. 662 of 2010.
Editorial Notes:
E107
A fine of £1,000 converted (1.01.1999) to €1,269.74. This translates into a class C fine, not greater than €2,500, as provided (4.01.2011) by Fines Act 2010 (8/2010), ss. 3, 6(2) and table ref. no. 1, S.I. No. 662 of 2010.
A fine of £10,000 converted (1.01.1999) to €12,697. 38.
E108
Power pursuant to subsection (1)(h) exercised (21.12.2007) by Credit Union Act 1997 (Exemption from Additional Service Requirements) (Amendment) Regulations 2007 (S.I. No. 838 of 2007), in force as per reg. 2.
E109
Power pursuant to subsection (1)(h) exercised (9.03.2007) by Credit Union Act 1997 (Exemption from Additional Services Requirements) Regulations 2007 (S.I. No. 107 of 2007), in force as per reg. 2.
E110
Power pursuant to subsection (1)(i) exercised (17.10.2006) by Credit Union Act 1997 (Alteration of Financial Limits) Regulations 2006 (S.I. No. 546 of 2006).
E111
Power pursuant to subsection (1)(h) exercised (1.06.2004) by Credit Union Act 1997 (Exemption from Additional Services Requirements) Regulations 2004 (S.I. No. 223 of 2004), in force as per reg. 2.
E112
Previous affecting provision: power pursuant to subss. (1)(i) and (5) exercised (26.04.2007) by Credit Union Act 1997 (Alteration of Financial Limits) Regulations 2007 (S.I. No. 193 of 2007); revoked (1.11.2007) by Markets in Financial Instruments and Miscellaneous Provisions Act 2007 (37/2006), s. 21, S.I. No. 730 of 2007.
E113
Previous affecting provision: power pursuant to subsection (1)(i) exercised (25.10.2001 and 1.01.2002) by Credit Union Act, 1997 (Alteration of Financial Limit) Regulations 2001 (S.I. No. 476 of 2001); revoked (1.01.2016) by Credit Union and Co-operation with Overseas Regulators Act 2012 (40/2012), s. 38(a), S.I. No. 584 of 2015.
E114
Previous affecting provision: power pursuant to subsection (1)(n) exercised (1.06.1998) by Credit Union Act, 1997 (Fees) Regulations 1998 (S.I. No. 155 of 1998), in force as per reg. 1(2); revoked (16.07.2004) by Central Bank Act 1942 (Sections 33J and 33K) Regulations 2004 (S.I. No. 447 of 2004), reg. 4(a)(i) and sch. pt. A.