Consultation outcome

Regulatory reform of credit unions in Northern Ireland

This was published under the 2005 to 2010 Labour government

This consultation has concluded

Download the full outcome

Responses: proposals for regulatory reform of credit unions in Northern Ireland

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Detail of outcome

Response to proposals for regulatory reform of credit unions in Northern Ireland

Original consultation

Summary

Seeking 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.

This consultation ran from
to

Consultation description

Seeking 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.

Documents

Proposals for regulatory reform of credit unions in Northern Ireland (PDF 858KB)

This file may not be suitable for users of assistive technology. Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email digital.communications@hmtreasury.gsi.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Published 30 March 2010