Rotton Park / Winson Green Credit Union Ltd v Financial Services Authority: FSMT 24 Jul 2006

FSMT CREDIT UNION – Adequacy of resources – Value of Credit Union’s assets less than value of its liabilities – Whether removal of permission to accept deposits and imposition of requirements not to make new loans, redeem members’ shares or repay any deposits is appropriate – Yes

Citations:

[2006] UKFSM FSM038

Links:

Bailii

Financial Services

Updated: 15 July 2022; Ref: scu.268216