5
Borrowing
5.1
A credit union must not borrow from a natural person other than by subordinated loan qualifying as capital within the meaning given in 8.2.
- 03/02/2016
5.2
A credit union’s borrowings must not exceed 20% of the total non-deferred shares in the credit union at the end of more than two consecutive regulatory reporting quarters.
- 03/02/2016
5.3
A credit union must not count subordinated debt obtained by that credit union and forming part of its capital within the meaning given in 8.2 towards the borrowing limit in 5.2.
- 03/02/2016