Credit Union Bill 2012: Order for Second Stage

Bill entitled an Act to amend certain provisions of the Credit Union Acts 1997 and 2001, in particular, to amend the prudential requirements for credit unions, to change the governance requirements for credit unions by removing certain management functions from boards of directors of credit unions and providing for a separate management structure and to improve the oversight and general policy functions of such boards of directors; to provide for the restructuring of credit unions and for stabilisation support to credit unions, to provide for a fund to be known as the Credit Union Fund for the purposes of such restructuring and stabilisation and to provide for levies in respect of that fund; to amend certain provisions of the Central Bank Act 1942, to provide for miscellaneous matters relating to credit unions and to provide for related matters.

I move: "That Second Stage be taken now."

Question put and agreed to.