From 89f52e76eb79a10a20625d6dc35434293b96d52f Mon Sep 17 00:00:00 2001 From: kamil Date: Thu, 5 Dec 2024 07:37:42 +0000 Subject: [PATCH 1/2] move credit union under financial type --- documentation/properties/type.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/documentation/properties/type.md b/documentation/properties/type.md index 2982ac4c..3621dfcf 100644 --- a/documentation/properties/type.md +++ b/documentation/properties/type.md @@ -36,6 +36,7 @@ Customer, issuer, guarantor and entity schemas share a lot of common type attrib │ │ ├── mmkt_fund │ │ └── real_estate_fund │ ├── pension_fund +│ ├── credit_union │ ├── ciu │ ├── sspe │ ├── pic @@ -48,7 +49,6 @@ Customer, issuer, guarantor and entity schemas share a lot of common type attrib │ └── qccp ├── central_bank ├── mdb -├── credit_union ├── deposit_broker ├── pse │ ├── local_authority From 94f819deffac4843d7ac5da8069b4bcb8f45fc6d Mon Sep 17 00:00:00 2001 From: kamil Date: Fri, 13 Dec 2024 13:34:36 +0000 Subject: [PATCH 2/2] update definitions --- documentation/properties/type.md | 4 +++- 1 file changed, 3 insertions(+), 1 deletion(-) diff --git a/documentation/properties/type.md b/documentation/properties/type.md index 3621dfcf..7658ac3d 100644 --- a/documentation/properties/type.md +++ b/documentation/properties/type.md @@ -116,7 +116,8 @@ Article 411 of the [CRR][crr]: > (d) a CIU; > (e) a non-open ended investment scheme; > (f) an insurance undertaking; -> (g) a financial holding company or mixed-financial holding company. +> (g) a financial holding company or mixed-financial holding company; +> (h) a credit union. > 'financial sector entity' means any of the following: > (a) an institution; > (b) a financial institution; @@ -413,6 +414,7 @@ A **credit union** is defined by the [FCA](https://www.fca.org.uk/firms/credit-u > - lending > > These services are regulated activities. +> However, it should be noted that **credit_union** is regarded as non-financial for NSFR reporting, as per Article 428am [CRR][crr]. ### deposit_broker A **deposit broker** can be an individual or a firm that facilitates the placement of deposits with insured depository institutions. Deposit brokers offer investors an assortment of fixed-term investment products, which earn low-risk returns.