Vol. 550 No. 5
66 Mr. J. Mitchell asked the Tánaiste and Minister for Enterprise, Trade and Employment her plans to increase the deposit limits for friendly societies; if the necessary regulation will be tabled before the Easter 2002 recess; and if she will make a statement on the matter. [9614/02]
The draft regulations increasing the statutory financial limits on deposits with, and loans by, specially authorised loan societies were sent to the Office of the Attorney General for settling in September 2001. Under the provisions of the Friendly Societies (Amendment) Act, 1977, each House of the Oireachtas must pass a resolution approving the regulations in draft form. On receipt of the settled draft regulations from the office of the parliamentary counsel, it is my intention to lay the draft regulations before each House of the Oireachtas for its approval, as required, at the earliest possible opportunity. When both Houses pass the resolution, I intend to sign the regulations bringing the increased limits into effect.
