Prudential Regulation Authority Rulebook

6.1

This Chapter applies only to a credit union.

6.2

The Credit Union Senior Manager function (SMF8) is the function of having responsibility for the conduct of, and/or chairing the committee of management of a credit union.

6.3

1. (1) A credit union must ensure that at least one person performs the Credit Union Senior Manager function on its behalf.
2. (2) If a vacancy arises in respect of the Credit Union Senior Manager function, a credit union must ensure that it appoints a person to fill that vacancy as soon as practicable.