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Credit Unions United Kingdom Prudential Regulation Authority (PRA)

A&O Shearman

PRA consults on proposed reforms to credit union investment rules

A&O Shearman on

The Prudential Regulation Authority (PRA) has published consultation paper CP13/25 proposing amendments to the credit union investment rules to permit investments in credit union service organisations (CUSOs). The proposals...more

Hogan Lovells

Banking and finance regulatory news, October 2020 # 2

Hogan Lovells on

COVID-19: PRA letter to credit unions and direction modifying minimum provisioning requirements - On 7 October 2020, the UK Prudential Regulation Authority (PRA) published a letter to directors of credit unions on...more

Hogan Lovells

Banking and finance regulatory news, September 2020 # 2

Hogan Lovells on

Credit unions: PRA 2020 annual assessment of category 5 credit unions - The UK Prudential Regulation Authority (PRA) has updated its webpage on credit unions to publish letters sent to directors of category 5 credit...more

Seyfarth Shaw LLP

Financial Services - Preparing Your Global Workforce for the New UK Whistleblowing Regime

Seyfarth Shaw LLP on

New rules on whistleblowing have come into effect which impact certain Financial Conduct Authority (FCA) and Prudential Regulatory Authority (PRA) regulated financial services firms. The aim of these rules is to promote a...more

Morgan Lewis

UK Financial Institutions: Proposals for New Senior Managers and Certification Regimes

Morgan Lewis on

With a mandate from Parliament, the UK regulators are working on a new regime governing individuals in banks. The UK Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) published a joint...more

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