Credit Union Act 1997
Supplementary provisions as to Registrar’s functions.
50.—(1) In the exercise of F133[its] powers under sections 48 and 49 and this section, the F133[Bank] may at any time consult the Advisory Committee and such other bodies as appear to F133[it] to be expert or knowledgeable in matters relating to credit unions.
(2) Without prejudice to the generality of subsection (1), the F133[Bank] may commission an independent assessment of the capacity of a credit union to provide any or each description of the additional services in respect of which it has made an approval application; and, if the F133[Bank] so directs, the credit union shall defray the costs of such an assessment.
(3) If it appears to F133[it] appropriate to do so, the F133[Bank] may at any time by notice—
(a) withdraw an approval granted under section 49;
(b) revoke or vary any conditions imposed on such an approval; or
(c) impose new conditions on such an approval;
but any such action by the F133[Bank] shall not require the disposal of any property or right already acquired.
(4) In this section “approval application” has the same meaning as in section 49.
Annotations
Amendments:
F133
Substituted (1.05.2003) by Central Bank and Financial Services Authority of Ireland Act 2003 (12/2003), s. 35(1) and sch. 1 part 24 item 28, S.I. No. 160 of 2003, subject to transitional provisions in s. 36 and sch. 3 para. 26.