Guidance

SS2/23 – Supervising credit unions

Chapter

Introduction

Printed on: 06/11/2024

Rulebook at: 29/08/2023

1

Introduction

1.1

This supervisory statement (SS) sets out the Prudential Regulation Authority’s (PRA) expectations of credit unions. It applies to all UK credit unions as defined in the Credit Unions Part of the PRA Rulebook.

  • 29/08/2023

1.2

This SS seeks to advance the PRA’s statutory objective of promoting the safety and soundness of the firms it regulates by setting out the PRA’s expectations of how credit unions should comply with core elements of the regulatory framework contained in the Credit Unions Part of the PRA Rulebook.

  • 29/08/2023