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Letter from Credit Union Supervision Team to Directors of PRA-regulated credit unions

Letter sent to PRA-regulated credit unions on Covid-19.

Published on 07 October 2020

This letter:

reiterates messages on engagement with the PRA and regulatory reporting;
confirms the PRA’s supervisory focus and priorities for Credit Unions (CUs) in this period; and
includes a detailed PRA rule modification available to all consenting CUs from Saturday 2 January 2021 until Saturday 31 December 2022.

Letter