(LRC Revised)

Number 31 of 2012

MICROENTERPRISE LOAN FUND ACT 2012

REVISED

Updated to 28 August 2024

Changes to legislation

as of 10 July 2026, this Act is up to date with all changes known to be in force.

This Revised Act is an administrative consolidation of the

Microenterprise Loan Fund Act 2012

. It is prepared by the Law Reform Commission in accordance with its function under

the

Law Reform Commission Act 1975

(3/1975) to keep the law under review and to undertake revision and consolidation

of statute law.

All Acts up to and including the

Courts, Civil Law, Criminal

Law and Superannuation (Miscellaneous Provisions) Act 2024

(30/2024), enacted 23

July 2024, and all statutory instruments up to and including the

Microenterprise Loan

Fund Scheme (Amendment) Regulations 2024

(S.I. No. 423 of 2024), made 28 August

2024, were considered in the preparation of this Revised Act.

Disclaimer: While every care has been taken in the preparation of this Revised Act,

the Law Reform Commission can assume no responsibility for and give no guarantees,

undertakings or warranties concerning the accuracy, completeness or up to date nature

of the information provided and does not accept any liability whatsoever arising from

any errors or omissions. Please notify any errors, omissions and comments by email

to

revisedacts@lawreform.ie.

Number

31

of

2012

MICROENTERPRISE LOAN FUND ACT 2012

REVISED

Updated to 28 August

2024

ARRANGEMENT OF SECTIONS

PART 1

Preliminary and General

Section

1. Short title and commencement.

2. Interpretation.

3. Expenses.

PART 2

Microenterprise Loan Fund

4. Microenterprise Loan Fund.

5. Grants to subsidiary.

6. Investment of moneys standing to credit of Fund.

7. Lending to microenterprises.

8. Borrowing by Social Finance Foundation.

8A. Borrowing by subsidiary from promotional financial institution.

9. Gifts.

10. Microenterprise Loan Fund scheme.

PART 3

Management of Microenterprise Loan Fund

11. Formation of company.

12. Name and share capital of subsidiary.

13. Memorandum and articles of association of subsidiary.

14. Disqualification for office of director of subsidiary.

15. Membership of either House of Oireachtas or European Parliament.

16. Disclosure of interests by directors of subsidiary.

17. Disclosure of interests by members of staff of subsidiary.

18. Disclosure of confidential information.

19. Funding of subsidiary.

20. Accounts and audit.

21. Annual report.

22. Review of operation of Act.

Acts Referred to

Central Bank and Credit Institutions (Resolution) Act 2011

2011, No. 27

Companies Act 1963

1963, No. 33

Companies Act 1990

1990, No. 33

Companies (Amendment) Act 1983

1983, No. 13

Companies (Amendment) Act 1986

1986, No. 25

Companies (Amendment) Act 2009

2009, No. 20

Companies Acts

Ethics in Public Office Act 1995

1995, No. 22

European Parliament Elections Act 1997

1997, No. 2

Number

31

of

2012

MICROENTERPRISE LOAN FUND ACT 2012

REVISED

Updated to 28 August

2024

AN ACT TO FACILITATE THE LENDING OF MONEY TO MICROENTERPRISES; FOR THAT PURPOSE TO

MAKE PROVISION FOR A FUND TO BE KNOWN AS THE MICROENTERPRISE LOAN FUND; TO PROVIDE

FOR THE FORMATION OF A COMPANY TO MANAGE THAT FUND; AND TO PROVIDE FOR MATTERS CONNECTED

THEREWITH.

[24

th July

, 2012]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS

ARRANGEMENT OF SECTIONS

PART 1

Preliminary and General

Section

1. Short title and commencement.

2. Interpretation.

3. Expenses.

PART 2

Microenterprise Loan Fund

4. Microenterprise Loan Fund.

5. Grants to subsidiary.

6. Investment of moneys standing to credit of Fund.

7. Lending to microenterprises.

8. Borrowing by Social Finance Foundation.

8A. Borrowing by subsidiary from promotional financial institution.

9. Gifts.

10. Microenterprise Loan Fund scheme.

PART 3

Management of Microenterprise Loan Fund

11. Formation of company.

12. Name and share capital of subsidiary.

13. Memorandum and articles of association of subsidiary.

14. Disqualification for office of director of subsidiary.

15. Membership of either House of Oireachtas or European Parliament.

16. Disclosure of interests by directors of subsidiary.

17. Disclosure of interests by members of staff of subsidiary.

18. Disclosure of confidential information.

19. Funding of subsidiary.

20. Accounts and audit.

21. Annual report.

22. Review of operation of Act.

Number

31

of

2012