All credit unions will be required to register with HMRC by the end of 2025 to comply with international tax regulations if new legislation is
Steven Cunningham, Partner at Alexander Sloan, has contributed expert insight to the Credit Union Outlook Report 2025 – a landmark publication capturing the evolving risk,
Regulation of CUSOs The PRA announced at ABCUL’s Annual Conference, on 15 March 2025, that they would be looking to clarify the regulatory treatment on
In September 2024, the FRC released the latest version of Financial Reporting Standard 102 (FRS 102). FRS 102 is the accounting standard that governs most
On 2nd December 2024, Helen Ainsworth wrote to credit unions setting out the PRA’s Annual Assessment of the sector. Similar to previous years there were
The Bank of England have issued their Credit Union statistics for the period ended 30 June 2024. There are some interesting trends and results from
We have been reviewing a number of money laundering policies recently and have listed some of the key areas that are often missed. We would
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
