7
Investments
7.1
The PRA expects that the assessment required by Rule 6.5 of the Credit Unions Part of the PRA Rulebook will be proportionate to the complexity, or otherwise, of the proposed investment. As part of the assessment, the PRA expects a credit union to consider counterparty risk.
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7.2
Additional expectations relating to investments for credit unions with more than £10 million in assets and credit unions that invest in more complex investments (supranational bonds, corporate bonds, bank bonds, and money market funds) are set out in Chapters 11 and 14, respectively. Credit unions undertaking additional activities[4] are also expected to maintain a board-approved investment policy (see paragraph 14.2 in Chapter 14).
Footnotes
- 4. See footnote 1 for additional activities.
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