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 a new Supervisory Statement (SS) 2/23 has also been issued. The changes take effect from 29 August 2023.
There are changes from the previous consultation paper and we will provide a more detailed blogs later on the main changes.
Copies of the new statements can be found by clicking here.