Consultations & legislation
Proposals for regulatory reform of credit unions in Northern Ireland
Issued: 30 March 2010
Open date: 30 March 2010
Close date: 24 May 2010
This consultation seeks the views of stakeholders on the decision to transfer the regulation of credit unions in Northern Ireland from the Department of Enterprise, Trade and Investment to the Financial Services Authority
Consultation
This consultation seeks the views of stakeholders on the decision to transfer the regulation of credit unions in Northern Ireland from the Department of Enterprise, Trade and Investment to the Financial Services Authority.
The transfer of regulation will protect credit union members in the event of a collapse of their credit union by giving access to the Financial Services Compensation Scheme and the Financial Ombudsman Service.
This consultation also seeks views on associated changes to credit union legislation and regulation in Northern Ireland.
These include whether the Northern Ireland legislation should be amended to give credit unions the same powers as are available to those in GB; and whether they should have specific powers enabling community investment and whether the registration function for Northern Ireland credit unions should also pass to the FSA.
All responses to this consultation should be submitted by 24 May 2010.
Consultation document
Responses
The consultation responses have been collated and are published in the following response document:
The documents above are available in Adobe Acrobat Portable Document Format (PDF).
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For alternative ways to read PDF documents and further information on website accessibility visit the HM Treasury accessibility page.
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