Steven Cunningham – TC Alexander Sloan Credit Union Services

PRA Release CUSO Rules

Steven Cunningham — Sun, 22 Feb 2026 16:16:25 +0000

On 20 February 2026, the PRA released PS 5/26: Credit Union Service Organisations (CUSO). It follows consultation paper 13/25 which was released last year. The policy statement makes changes to the Credit Union rulebook and SS2/23. The Credit Union rulebook now allows Credit Unions to invest in an entity to allow it to provide ancillary …

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How will the new accounting rules impact you? (Part 2)

Steven Cunningham — Tue, 17 Feb 2026 15:15:00 +0000

As previously reported changes are coming to FRS 102 for accounting periods beginning on or after 1 January 2026. For most Credit Unions this will impact their 30 September 2027 year end accounts. This article looks at the change to revenue recognition. The changes will not impact interest on loans or bank interest which are …

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CRS: Are you registered?

Steven Cunningham — Thu, 29 Jan 2026 16:59:55 +0000

The International Tax Compliance (Amendment) Regulations 2025 was introduced on 24 June 2025 and brings in changes to the Common Reporting Standard (CRS). We had issued an article on the proposals for the new legislation in January 2025 which can be found here. As discussed in our previous article the regulations require all UK “Reporting …

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PRA and FCA Announce Plans for Mutual Sector

Steven Cunningham — Fri, 05 Dec 2025 18:50:16 +0000

The FCA and PRA today published their Mutuals Landscape Report. The regulators are planning to support the mutuals sector in a number of ways including: A new FCA Mutual Societies Development Unit- This unit will act as a central hub to help mutuals navigate policy and legislative changes. Both regulators will carry out a review …

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Budget 2025

Steven Cunningham — Sat, 29 Nov 2025 11:28:05 +0000

On 26 November 2025, Rachel Reeves announced her latest Budget. The Budget made significant changes to the tax system. Clients should have received invites to our Budget webinar on 27 November, if you have not then please contact us to ensure you are on the invite list for future events. Our summary of the main …

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