Data Protection & New Regulations for Credit Unions

2 x 2 hour Seminars Hosted By Compliance Ireland 

Friday 8th April 2016 - Hodson Bay Hotel, Athlone
Friday 15th April 2016 - Rochestown Park Hotel, Cork


Seminar 1: Data Protection for your Credit Union

Course Summary:

Despite the absence of updated legislation in this area since 2003, Data Protection remains an ongoing concern for Credit Unions. In her 2014 Report, published in June 2015, the Data Protection Commissioner highlighted a number of areas where her office had to take legal action for Data Protection breaches. The report also identified an immediate priority of expanding and building ‘the capacity and capability of the data-protection authority in Ireland through procuring additional resources and recruiting additional staff’. Having received an extra €1.2m in funding in October there is no doubt that the DPC’s office has the capacity for greater oversight of Data Protection issues in Ireland.

This practical 2 hour seminar is designed to provide you and your Credit Union with the tools required to ensure that you are and remain compliant with the 8 Data Protection Principles under the Data Protection Acts 1988-2003. The content has a practical focus particularly on how to assess your Credit Union’s data protection processes.

Course Content:

  • What is Personal Data?
  • The 8 Data Protection Principles
  • The storing of members details including data retention under AML legislation, the Consumer Protection Code, etc.
  • The use of Data Processors including tracing agents
  • DPC Case Studies of particular interest to Credit Unions
  • How to do a high level review and audit of your Credit Union’s compliance with each of the 8 Principles


Registration: 8.30 am - 9.00 am
Start Time: 9.00 am
Finish: 11.00 am


Seminar 2:  Implementing the new Credit Union Regulations

Course Summary:

The purpose of this course is to provide Credit Union CEO’s, Compliance and Risk Officers and Boards of Directors with the tools required to practically implement the new prudential and governance requirements of the Credit Union Act 1997 (Regulatory Requirements) Regulations 2015.

The aim is to outline the impact of the requirements and to provide an action plan to educate staff, Boards and members as well as a roadmap of what is required to demonstrate to compliance both internally and externally.

Course Content:

  • Application of the Regulations including transitional arrangements
  • Comparison of Existing and New Framework
  • Demonstrating Compliance in the following areas:
    • Reserves
    • Liquidity
    • Lending
    • Investments
    • Savings
  • Implementing appropriate systems and controls and reporting arrangements


Registration: 11.00 am - 11.30 am
Start Time: 11.30 am
Finish: 1.30 pm


**Please Note: We have limited spaces for these seminars and are only accepting bookings by Debit or Credit Card**

Course: Location: Date:   Cost:  
Data Protection Only Cork    Friday 15th April, 2016    €50  
Credit Union Regulations Only Cork  Friday 15th April, 2016     €50  
Data Protection & CU Regulations Discount Cork Friday 15th April, 2016    €80  


If you wish to enquire about a course before booking, please contact us at

CPD Details:

As this is a new course, applications have been submitted to the following accrediting bodies:

Institute of Bankers
Insurance Institute of Ireland
Irish League of Credit Unions (ILCU): Formal CPD Hours 
Life Association of Ireland (LIA): Formal CPD Hours


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