Commentary

6 Interim Prudential Sourcebook for Building Societies

BUILDING SOCIETIES vol 6(1)
| Commentary

6 Interim Prudential Sourcebook for Building Societies

| Commentary

6 Interim Prudential Sourcebook for Building Societies

Pursuant to the general rule-making power conferred by the Financial Services and Markets Act 2000 Section 138 and the power to give guidance conferred by Section 157 of that Act, the Financial Services Authority (FSA) has made rules and given guidance by instrument1 by way of an Interim Prudential Sourcebook for Building Societies2. The sourcebook sets out the FSA’s detailed prudential standards and related notification requirements applying to building societies authorised under the 2000 Act and gives guidance on constitutional matters. The sourcebook is divided into two volumes. Volume 1 contains 11 prudential

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