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Proceeding contribution from Lembit Opik (Liberal Democrat) in the House of Commons on Friday, 19 October 2007. It occurred during Debate on bill on Building Societies (Funding) and Mutual Societies (Transfers) Bill.


Building Societies (Funding) and Mutual Societies (Transfers) Bill

Well, okay—we will have that discussion in the pub later. Leaving that aside, surely the hon. Member for Christchurch (Mr. Chope) can see that any financial institution based in the United Kingdom must necessarily be subject to British regulations. Is he suggesting that a financial institution taken over by a foreign organisation would be subject to regulations from somewhere else, even though it was operating within the United Kingdom?


Secondary information

Type
Proceeding contribution
Reference
464 c1083 
Session
2006-07
Chamber / Committee
House of Commons chamber
Subjects
Channel Islands Fees and charges Insurance companies Isle of Man Financial Services Authority Mergers Mutual societies Subsidiary companies European economic area
Legislation
Building Societies (Funding) and Mutual Societies (Transfers) Bill 2006-07
Financial Mutuals Arrangements Bill 2006-07
Link
View this Proceeding contribution on www.publications.parliament.uk