Rotton Park and Winson Green Credit Union LTD v Financial Services Authority: FIN 2006/0002

Upper Tribunal Tax and Chancery decision of Judge Oliver QC and Member Bates on 17 August 2006.

Read the full decision in Rotton Park and Winson Green Credit Union LTD v Financial Services Authority.

SUPERVISORY NOTICE Immediate effect Application for suspension of immediate effect Credit Union Failure to maintain positive capital in breach of FSA Rule CRED 8.3.1 R Notice required Credit Union to make no new loans, redemptions of shares or repayments of deposits Whether requirements in Supervisory Notice should be suspended pending hearing of reference No Application dismissed.

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