The Court Funds (Amendment) Rules (Northern Ireland) 2009

Made: 15th June 2009

To be laid before Parliament

Coming into operation: 20th July 2009

The Lord Chancellor, in exercise of the powers conferred on him by section 82(1) of the Judicature (Northern Ireland) Act 1978[^f00001] and with the concurrence of the Treasury, makes the following Rules:

Citation and commencement

1

These Rules may be cited as the Court Funds (Amendment) Rules (Northern Ireland) 2009 and shall come into operation on 20th July 2009.

Prescribed rates of interest

2

In rule 32A of the Court Funds Rules (Northern Ireland) 1979[^f00002]—

• (a) in paragraph 2 for “3% per annum” substitute “0.3% per annum”; and

• (b) in paragraph 3 for “4% per annum” substitute “0.5% per annum”.

Signed

Signed by the authority of the Lord Chancellor

Bridget Prentice — Parliamentary Under-Secretary of State — Ministry of Justice — Dated 10th June 2009

We concur

Tony Cunningham — Steve McCabe — Two of the Lords Commissioners of Her Majesty’s Treasury — Dated 15th June 2009

Explanatory note

(This note is not part of the Rules)

EXPLANATORY NOTE

These Rules amend the Court Funds Rules (Northern Ireland) 1979 [ 1979 No. 105] so as to amend the rate of interest payable—

• (a) on money placed to the deposit account from 3% per annum to 0.3% per annum;

• (b) on money placed to the short-term investment account from 4% per annum to 0.5% per annum.

Footnotes

[^f00001]: 1978 c.23

[^f00002]: 1979 No. 105 to which the most recent relevant amendments were made by S.R. 2004 No. 326