Commentary

112 Prudential information

BUILDING SOCIETIES vol 6(1)
| Commentary

112 Prudential information

| Commentary

112 Prudential information

In addition to being provided with information about the proposed transfer scheme, the Financial Services Authority (FSA) expects the board of the transferring building society to provide it with information about its plans for ensuring the prudent management of the society through to the proposed vesting date. The information required is1:

  1. 112.1

        the names and responsibilities of senior managers assigned to manage the transfer process2;

  2. 112.2

        an assessment of the systems requirements of the transfer process3, together with the specification of the work to be done by consultants (eg the external

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