Reset to Today

To access the FCA Handbook Archive choose a date between 1 January 2001 and 31 December 2004.

Content Options:

Add to favourites

View Options:

More Resources:

External link Handbook Publications

Alternative versions

  1. Point in time
    2017-01-01

CREDS 3A.3 Borrowing

CREDS 3A.3.1RRP

1A credit union must not borrow from a natural person, except by way of a subordinated loan qualifying as capital under PRA rules.

CREDS 3A.3.2GRP

CREDS 3A.3.1R does not apply to borrowing from a body corporate. A loan made to a credit union by a body corporate can either be a subordinated loan (providing regulatory capital within PRA rules) or a senior loan (providing ordinary funding, but not constituting regulatory capital).