Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

CREDS 8.2 Reporting requirements

CREDS 8.2.1G


CREDS 8.2.2G


CREDS 8.2.3G


CREDS 8.2.4G


CREDS 8.2.5G


Accounts and audit

  1. (1)

    Every credit union (except a Northern Ireland credit union) 3must send to the FCA 3 a copy of its audited accounts published in accordance with section 82 of the Co-operative and Community Benefit Societies Act 20143.

  2. (2)

    The accounts must:

    1. (a)

      be made up for the period beginning with the date of the credit union's registration or with the date to which the credit union's last annual accounts were made up, whichever is the later, and ending on the credit union's most recent financial year end; and

    2. (b)

      be delivered to the FCA by one of the methods listed in CREDS 8.2.6AR no later than six months after the credit union’s financial year end.3


3The methods referred to in CREDS 8.2.6R(2)(b) are:

  1. (1)

    by e-mail to; or

  2. (2)

    by post to Mutuals Team, Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN2.


Every credit union must make available, 3free of charge, to every member or person interested in the funds of the credit union who applies for it, a copy of the latest audited accounts of the credit union sent to the FCA 3 under CREDS 8.2.6 R.

Financial penalties for late submission of reports

CREDS 8.2.8G