The Department of Enterprise, Trade and Investment (DETI) is seeking your views on proposed updates to the legislation applying to Northern Ireland credit unions and industrial and provident societies (IPSs).
Following significant regulatory reform of the credit union sector in recent years, DETI proposes to update Northern Ireland credit unions legislation. The Department will use this opportunity to also update IPS legislation.
The consultation paper can be obtained by clicking on the link below. Any comments are required by 6 September 2013
As part of this consultation exercise, the Department proposes to hold a number of consultation events which are expected to take place during July and August 2013. These will be aimed at providing stakeholders with a further opportunity to discuss key issues. Details of the events will be posted on the DETI website in the next few weeks. If you wish to be invited to an event, please email firstname.lastname@example.org.
On 11 June 2013, DETI published the consultation paper on Proposals for Credit Unions and Industrial and Provident Societies. This sets out proposals to update the legislation applying to Northern Ireland credit unions and Industrial and Provident Societies, specifically The Credit Unions (NI) Order 1985 and the Industrial and Provident Societies Act (Northern Ireland) 1969.
We want to engage actively with all interested parties throughout the consultation period. Therefore, we have organised three consultation events in July and August to give you the opportunity to:
- seek clarification on the proposals
- help prepare you to submit a response to the consultation
The event will cover all proposals set out in the consultation paper, grouped into the following themes:
|CREDIT UNIONS||INDUSTRIAL & PROVIDENT SOCIETIES|
|Services||Modernisation of Terms|
If you would like to attend one of the consultation events, please find details set out below
Town Venue Date Time
DOWNPATRICK DENVIRS HOTEL 25.07.13 1100-1300
COOKSTOWN LISSAN HOUSE 30.07.13 1100-1300
BALLYMENA ADAIR ARMS 01.08.13 1100-1300
31st August 2011
FSA and HM Treasury publish joint consultation paper on the transfer of regulatory responsibility for credit unions in Northern Ireland
The Financial Services Authority (FSA) and HM Treasury (HMT) have today published a joint consultation paper setting out proposals for the transfer of the regulation of Northern Ireland (NI) credit unions from the NI Department of Enterprise, Trade and Investment (DETI) to the FSA, bringing enhanced consumer protection to the 177 NI credit unions and their members. The transfer is due to take place on 31 March 2012.