Credit Union Reporting Requirements

Tuesday 23 April 2024

This information guide details the reporting requirements credit unions are subject to along with further information, who the reports must be submitted to, and provides the relevant forms.

This guide is not exhaustive and credit unions must consider the other reporting requirements they are subject to. There are required reports that may not fit into a month e.g. Consumer Duty Annual Report that are not included in this table so you must still consider these requirements. We know many credit unions can feel overwhelmed by reporting obligations and timings so we have created a printable PDF calendar which serves as a helpful visual reminder for what needs to be completed and when, you can download this here and it can be printed in any size.

 

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1
Type of submission Quarterly return Annual Return Quarterly return RegData for CU providing insurance Corporation Tax Return & Payment Quarterly Return Quarterly Return Reporting for credit unions engaging in consumer credit activities Dividends over £250
Form Form CQ Form CY Form CQ RMA-J Form. Example here Form CQ Form CQ CCR007 Spreadsheet template
Timings Quarter ending Dec 31 If September year-end Quarter ending March 31 Must pay 9 months and 1 day after year end Quarter ending June 30 Quarter ending September 30 Return made within 3 months of year-end
Submit to PRA via BEEDS portal PRA via BEEDS Portal PRA via BEEDS portal FCA – further info here HMRC PRA via BEEDS Portal PRA via BEEDS Portal FCA via RegData HMRC via Email
Further Info Form submitted within one month of the end of the quarter it relates to.  More help here. Form submitted within one month of the end of the quarter it relates to.  What to pay and how to pay information here Form submitted within one month of the end of the quarter it relates to.  Form submitted within one month of the end of the quarter it relates to.  FCA guidance on consumer credit reporting ABCUL Guide
2
Type of submission Annual Report ISA Returns International Tax Compliance Return RegData for CU providing insurance Firm Details Attestation
Form Submit via portal  1. Annual Return and Claim – form ISA14 Reporting guidance here RMA-J Form. Example here SUP 16.10 [Verification of firm details]  
or via email 2. Annual Return of Information – Form ISACOM100(Z)
3. Annual Return of Statistical Information – Form ISA14(Stats)
Timings September year-end 1. by October 5, 2. by June 4, 3. by June 4 By May 31st Within 60 days of CU’s year end (time period assumes September year-end, please adjust if this differs)
Submit to Mutual Societies Register (FCA) HMRC HMRC via online services FCA – further info here FCA system Connect  
Further Info FCA Website ABCUL Guide ABCUL Guide Example letter
3
Type of submission Amend or Confirm Credit Union Details Annual Dues and forum allocations
Form Invoice will be received
Timings Submit within 60 days of submitting annual return Will be notified of deadline
Submit to FCA Connect system     ABCUL
Further Info ABCUL Guide     Email
4
Type of submission Complaints Return Conduct Rule Breach Disciplinary Action
Form FCA Portal Form H via RegData
Timings 30th April Deadline Submit by 31 Oct for period covering 12 months previous to August 31
Submit to FCA FCA via RegData
Further Info Nil return still required ABCUL Guide
Nil return not required
5
Type of submission Copy of Annual Return to ABCUL
Form
Timings ASAP
Submit to Email
Further Info Check bulletin
6
Type of submission Economic Crime Levy Return
Form FCA will notify via email
Timings
Submit to FCA via RegData
Further Info ABCUL information Guide

 

If you have any questions or you require assistance please contact your Member Relationship Manager or email members@abcul.org

This is an evolving document so if you believe there are additions which would be helpful, please let us know via the email above.