The Principal Regulations are amended by substituting for Regulation 5 the following:
"Amount of deposit to be maintained by credit institution in deposit protection account
(1) For the purposes of section 4(1) (a) of the Deposit Guarantee Act, the amount of the deposit to be maintained by a credit institution (other than a credit union) in the deposit protection account is whichever is the greater of -
(a) €50,000, and
(b) 0.2% of the credit institution's total deposits held in Member States.
(2) For the purposes of section 4(1) (a) of the Deposit Guarantee Act, the amount of the deposit to be maintained by a credit union in the deposit protection account is 0.2% of the credit union's total deposits held in Member States.
(3) Paragraph (2) comes into operation on the day appointed by the Minister by order under section 12(2) of the Deposit Guarantee Act.
(4) For the purposes of paragraphs (1) and (2), a credit institution's total deposits held in Member States include deposi