§ Mr. Roperasked the Secretary of State for Northern Ireland (1) whether he will seek to initiate talks between his Department, the Registrar of Friendly Societies for Northern Ireland, and representatives of credit unions in Northern Ireland about the effects on the credit unions of the European Commission's proposed banking legislation;
(2) whether the European Commission's draft proposals on banking legislation will have a limiting effect in the development of credit unions in Northern Ireland.
§ Mr. Peter MillsI understand that the Commission has abandoned its earlier attempt to secure co-ordination of banking operations through a comprehensive directive. However, the Ministry of Commerce, as the Department directly concerned with the regulation of credit unions in Northern Ireland, would be pleased to discuss with the credit unions' representatives the possible implications of Community law and practice. The Registrar of Friendly Societies for Northern Ireland is in regular touch with credit unions.