Proceeding contribution from Baroness Ussher (Labour) 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
My understanding is that the purpose of the proposal is simply to create a level playing field. A foreign or UK credit union could in theory acquire a UK mutual. As they are small bodies, credit unions are probably unlikely to do that, but it is possible.
Secondary information
- Type
- Proceeding contribution
- Reference
- 464 c1098
- 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
Librarians' tools
- Timestamp
- 2023-12-15 12:03:42 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_418393
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