The PRA have launched a consultation on changing the capital requirements for Credit Unions. Large and Growing Credit Unions The current capital requirements have restricted
New Requirements On the 30th September 2018 the capital requirement for large Credit Unions increased with the introduction of the 2% capital buffer. This represents
The PRA has sent its annual letter to version 5 Credit Unions. There are three versions of the letter. The version you receive depends on
The FCA have issued a letter to Credit Unions based on the regulator’s most recent review of the sector. The letter contains key information with
The PRA have written to Category 4 and 5 Credit Unions with the findings of their assessment of the sector. There were three different letters
On 26 June 2017, The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into effect. The legislation can
There are a number of changes to regulation over the last few months that impact Credit Unions directly. Accountability Regulation The new approved person regime fully
On 3 January 2017, the FCA will introduce new rules on deferred shares and subordinated debt for Credit Unions. Earlier this year, the FCA proposed
The PRA has sent letters to category 5 Credit Unions setting out their assessment of the sector. The letter is also of interest to non-category
The PRA has today issued consultation paper 24/16 which sets out proposals to change the quarterly and annual returns for Credit Unions. Under the proposals
