Credit Union and Co-operation with Overseas Regulators Act 2012

46.

Guidelines and directions.

46.— (1) ReBo shall, in consultation with the Minister and, where relevant, the Bank, develop guidelines for the operating principles of ReBo and, after obtaining approval of the Minister for such, ReBo shall adopt such guidelines and have regard to them in the performance of its functions.

(2) As soon as practicable after ReBo has adopted guidelines under subsection (1), the Minister—

( a) shall cause the guidelines to be published in Iris Oifigiúil, and

( b) shall lay a copy of the guidelines before each House of the Oireachtas.

(3) The Minister may give a direction in writing to ReBo concerning any matter relating to the provision of funding to support the achievement of the purposes of this Part and ReBo shall comply with any such direction.

(4) The Minister may consult with the Bank before giving directions under this section.