S.I. No. 403/1997 - Credit Union Act, 1997 (Commencement) Order, 1997.


S.I. No. 403 of 1997.

CREDIT UNION ACT, 1997 (COMMENCEMENT) ORDER, 1997.

I, Michael Smith, Minister of State at the Department of Enterprise, Trade and Employment, in exercise of the powers conferred on me by section 1 (2) of the Credit Union Act, 1997 (No. 15 of 1997) (as adapted by the Enterprise and Employment (Alteration of Name of Department and Title of Minister) Order, 1997 ( S.I. No. 305 of 1997 )) and the Enterprise, Trade and Employment (Delegation of Ministerial Functions) Order, 1997 ( S.I. No. 329 of 1997 ), hereby order as follows:

1. This Order may be cited as the Credit Union Act, 1997 (Commencement) Order, 1997.

2. The 1st day of October, 1997, is hereby fixed as the day on which

( a ) Parts I and II,

( b ) Part III (other than sections 46 to 52)),

( c ) Part IV (other than section 68 (1)(c)),

( d ) Parts V and VI,

( e ) Part VII (other than sections 120 (5) and 122 (1)(f)),

( f ) Parts VIII to XIV, and

( g ) the First, Second, Third, Fourth and Fifth Schedules, of the Credit Union Act, 1997 (No. 15 of 1997), shall come into operation.

GIVEN under my hand, this 30th day of September, 1997.

Michael Smith

Minister of State at the Department of

Enterprise, Trade and Employment.

EXPLANATORY NOTE.

This Order provides that Part I, Part II, Part III other than sections 46 to 52, Part IV other than section 68 (1)(c). Part V, Part VI, Part VII other than sections 120 (5) and 122 (1)(f), Parts VIII to IV of the Credit Union Act, 1997 and the Schedules to the Act will come into force on the 1st day of October, 1997.