Prudential Regulation Authority Rulebook

18.1

For the period from 3 February 2016 to 30 September 2018, the reference to “2%” in 8.5(3) and 2.5(2) is replaced by “0%”.

18.2

A Northern Ireland credit union need not comply with Chapter 6 with respect to any security invested in, or loan made, prior to 31 March 2012 provided that the security or loan matures in accordance with the terms of the relevant agreement in effect on 31 March 2012.

18.3

A Northern Ireland credit union need not comply with 3.2 to 3.9 with respect to any loan outstanding on 31 March 2012 provided that the loan remains repayable in accordance with the terms of the relevant loan agreement in effect on 31 March 2012.