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Question

337. Deputy Seán Ó Fearghaíl asked the Minister for Justice and Equality the role the Charities Regulatory Authority plays in regulating local not-for-profit savings clubs; if such groups are permitted to take deposits where the intention is for them to repay within a specified period; and if she will make a statement on the matter. [2628/15]

Answer

Minister for Justice and Equality (Deputy Frances Fitzgerald): The Charities Regulatory Authority (CRA) has statutory responsibility for the registration and regulation of all charitable organisations operating in the State. There are currently no savings clubs registered as charities on the Register of Charities held by the CRA and published on its website at www.charitiesregulatoryauthority.ie.
Any application for registration as a charity received from a savings club by the CRA will be assessed as appropriate against the criteria for charitable status set out in the Charities Act.