Regulatory Alerts2026-08-19
Added · Updated
Draft Amendment to Articles 4 and 7 of the Qualification and Appointment Regulations for Credit Union Member Representatives, Directors, Supervisors, and Managers
The draft amendment removes Article 4, Paragraph 1, Item 5 and Article 7, Item 7 of the Qualification and Appointment Regulations for Credit Union Member Representatives, Directors, Supervisors, and Managers. These deletions eliminate the disqualification criteria for individuals convicted of crimes other than those specifically listed in the remaining items, aligning credit union leadership eligibility requirements with those of other financial institutions such as banks, securities firms, and insurance companies.
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