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Newfoundland and Labrador
Regulation 2010


NEWFOUNDLAND AND LABRADOR REGULATION 101/10

NEWFOUNDLAND AND LABRADOR
REGULATION 101/10

Credit Union Regulations, 2009 (Amendment)
under the
Credit Union Act, 2009

(Filed November 10, 2010)

Under the authority of section 193 of the Credit Union Act, 2009, I make the following regulations.

Dated at St. John’s, November 3, 2010.

Harry Harding
Minister of Government Services

REGULATIONS

Analysis


        1.   S.19 Amdt.
Liquidity

        2.   Commencement


NLR 56/09

        1. Subsection 19(6) of the Credit Union Regulations, 2009 is repealed and the following substituted:

             (6)  A credit union shall participate in a liquidity pool provided by a financial central to its members and shall maintain its eligibility to participate in that liquidity pool.

Commencement

        2. This regulation comes into force on January 1, 2011.