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UK credit unions consulted on rules to invest in Credit Union Service Organizations

( June 24, 2025, 11:24 GMT | Official Statement) -- MLex Summary: UK credit unions have received a consultation from the Prudential Regulation Authority to amend rules on investing in Credit Union Service Organizations, which are entities owned by credit unions and providing shared services to them. The PRA said more CUSOs are being set up across the UK, despite current PRA rules that could prevent a credit union from investing in a CUSO. The PRA wants to amend the rules to make it clearer that credit union investments in CUSOs are permitted, though it advocates for "guardrails" to manage potential risks. The consultation closes on October 24.Consultation is attached....

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