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

  4. Point in time
    2024-11-26

CREDS Sch 2 Notification requirements

CREDS Sch 2.1G

1The aim of the guidance in the following table is to give the reader a quick overall view of the relevant record keeping requirements.

It is not a complete statement of those requirements and should not be relied on as if it were.

CREDS Sch 2.2G

Handbook reference

Matter to be notified

Contents of notification

Trigger event

Time allowed

CREDS 2.2.4 R

CREDS 2.2.52 G

Business plan

Copy of business plan

Upon request

Version 2 credit unions should submit after adoption and / or amendment

As soon as reasonably practical

CREDS 2.2.6 R

CREDS 2.2.60 G

Policies and procedures manual

Copy of policies and procedures manual. Wide range of detail as specified as guidance in CREDS 2

Upon request

Version 2 credit unions should submit after adoption and / or amendment

As soon as reasonably practical

CREDS 3.3.10 R

Financial risk Management Policy

Statement of financial risk management policy

Version 2 credit unions must submit after adoption and / or amendment

As soon as reasonably practicable

CREDS 5.2.3 G

General notification

Any proposed repayment of subordinated debt

As soon as credit union aware

At least one month in advance of proposed repayment

CREDS 6.2.5 R

Liquidity

Liquidity Management Policy Statement

Version 2 credit unions must submit after adoption and/or amendment

As soon as reasonably practical

CREDS 7.2.1 R to CREDS 7.2.2 R

Lending policy

Current lending policy statement

Version 2 credit unions must submit after adoption and/or amendment

As soon as reasonably practical

CREDS 7.4.6 G

Large exposures

Limits on large exposures to avoid concentration of risk

Upon request

As soon as reasonably practical

CREDS 8.2.1 G

Quarterly return

Key financial data

Quarter end

1 month after quarter end

CREDS 8.2.3 G

Annual return

Extended financial data

Financial year end

6 months after financial year end

CREDS 8.2.6 R

Audited accounts

Revenue account and balance sheet

Financial year end

Until submission of annual return

CREDS 9.2.1 R

Complaints report

Analysis of complaints

31 March each year

1 month after period end