Regulation
PRA Annual Assessment of Sector 2023
On 6 October 2023, the PRA issued their annual review letter to Credit Unions. There were two versions of the letter. One for Credit Unions
8 October, 2023
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On 6 October 2023, the PRA issued their annual review letter to Credit Unions. There were two versions of the letter. One for Credit Unions
We just wanted to highlighted a couple of data collection and processing issues some Credit Unions have experienced. Sensitive Data Credit Unions may collect sensitive
The PRA have today published changes to the Credit Union regulatory regime. Policy Statement 11/23 makes significant changes to the PRA Credit Union Rulebook and
The Financial Services and Markets Bill is currently at the Report Stage at the House of Lords. Its journey can be followed by clicking here.
The FCA wrote to all Credit Unions, on 1 March 2023, regarding the implementation of Consumer Duty. The letter sets out the regulator’s expectations but
The PRA issued their annual letter to Credit Unions on 14 October 2022. Similar to previous years, there are two versions of the letters one
The long awaited new Credit Union legislation (Financial Services & Markets Bill) has begun its journey through parliament. The bill which will impact a wide
On 15 October 2021, the PRA issued their annual feedback letter to Credit Unions. There were two versions of the letter. One version is for
The PRA have issued their annual review of the sector letters to category 5 Credit Unions. There are two versions of the letter. One for
Many large Credit Unions will be looking to see what the new capital requirements mean to them. Under the new requirements the minimum capital requirements