PRA 2017 Letter to Credit Unions
21 August, 2017 No Comments
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
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
More regulatory changes are expected over the coming months, including the following: Level of Regulation- There are changes to the size categories the PRA use
March has been a busy month for the PRA. In addition, to the introduction of the Senior Managers Regime on 7 March they have released
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The PRA have today issued a new version of their Credit Union rule book (CREDS). There are a number of significant changes from the proposals, issued