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

  2. Point in time
    2014-02-28

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 notification2 requirements.

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

2
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

2CREDS 7.4.3 R

Large exposures

The aggregate total of all large exposures will exceed 300% of capital.

Prior to the aggregate total of all large exposures exceeding 300% of capital.

As soon as reasonably practicable.

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