The Credit Union Act 1997 (Regulatory Requirements) Regulations 2016 came into force for credit unions on 1 January 2016. The rules introduce increased prudential and governance requirements in relation to borrowings, investments, lending, liquidity and reserves. The Regulations include the establishment of the categories and limits of loans that credit unions may provide. They also include related limits, counterparty and maturity limits for investments. There will now be a maximum individual members' saving limit of €100,000.