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
I apologise for not being a world expert on the legal situation relating to the Channel Islands and the Isle of Man. I shall clarify the situation. The amendment will allow the Bill to be extended to the islands. It will be used only if the relevant mutuals legislation is extended, and it will then affect only those mutuals established in the Channel Islands and the Isle of Man. No time frame has been agreed at the moment; that will be sorted out during the consultation period. I must also apologise to the House and clarify that the Isle of Man could not implement the provisions before we had done so. I commend Lords amendment No. 7 to the House. Lords amendment agreed to.
Secondary information
- Type
- Proceeding contribution
- Reference
- 464 c1102
- 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 12:03:15 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_418420
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