To ask the Secretary of State for Housing, Communities and Local Government, what estimate he has made of the number of housing associations who are registered as Industrial and Provident Societies; and if he will make a statement.

To ask the Secretary of State for Housing, Communities and Local Government, what estimate he has made of the number of housing associations who are registered as Industrial and Provident Societies; and if he will make a statement.

To ask the Secretary of State for Housing, Communities and Local Government, what estimate he has made of the number of homes (a) owned by and (b) being built by housing associations registered as industrial and provident societies; and if he will make a statement.

To ask the Secretary of State for Housing, Communities and Local Government, what estimate he has made of the number of homes (a) owned by and (b) being built by housing associations registered as industrial and provident societies; and if he will make a statement.

To ask Mr Chancellor of the Exchequer, if he will reform the audit requirements for industrial and provident societies in line with similar requirements for companies; and if he will make a statement.

To ask Mr Chancellor of the Exchequer, if he will reform the audit requirements for industrial and provident societies in line with similar requirements for companies; and if he will make a statement.

To ask Her Majesty’s Government what consideration have they given to moving the legislative function for co-operative and community benefit societies from HM Treasury to the Department for Business, Innovation and Skills.

To ask Her Majesty’s Government what consideration have they given to moving the legislative function for co-operative and community benefit societies from HM Treasury to the Department for Business, Innovation and Skills.

Moved by

Lord Deighton

1: Clause 1, page 1, line 3, leave out subsections (1) and (2) and insert—

“(1) The Treasury may by regulations make provision to permit or facilitate the issue of deferred shares by a friendly society or mutual insurer.

(2) “Deferred shares” are instruments that—

(a) are issued by a friendly...

Moved by

Lord Deighton

1: Clause 1, page 1, line 3, leave out subsections (1) and (2) and insert—

“(1) The Treasury may by regulations make provision to permit or facilitate the issue of deferred shares by a friendly society or mutual insurer.

(2) “Deferred shares” are instruments that—

(a) are issued by a friendly...

My Lords, I congratulate my noble friend Lord Naseby on securing a prompt date for the Committee stage of this important Bill. The Government are supportive of the key objective of the Bill, which is to provide mutual organisations with a means to raise external capital in a way that...

My Lords, I congratulate my noble friend Lord Naseby on securing a prompt date for the Committee stage of this important Bill. The Government are supportive of the key objective of the Bill, which is to provide mutual organisations with a means to raise external capital in a way that...

My Lords, these amendments arise out of the removal of the redeemable element in the original Bill. It was removed by mutual consent, but I hope in due course, on another day, to come back to that dimension of the original Bill. These amendments meet the Delegated Powers and Regulatory...

My Lords, these amendments arise out of the removal of the redeemable element in the original Bill. It was removed by mutual consent, but I hope in due course, on another day, to come back to that dimension of the original Bill. These amendments meet the Delegated Powers and Regulatory...

My Lords, I am delighted to be able to speak on behalf of the Opposition, particularly as a Labour and Co-operative Member of your Lordships’ House, to these amendments moved by the noble Lord, Lord Deighton. This Bill was last considered by your Lordships’ House on 24 October when we...

My Lords, I am delighted to be able to speak on behalf of the Opposition, particularly as a Labour and Co-operative Member of your Lordships’ House, to these amendments moved by the noble Lord, Lord Deighton. This Bill was last considered by your Lordships’ House on 24 October when we...

Moved by

Lord Deighton

2: Clause 1, page 2, line 22, leave out “Act” and insert “section”

3: Clause 1, page 2, line 23, leave out “and must” and insert—

“( ) A statutory instrument containing regulations under this section may”

Moved by

Lord Deighton

2: Clause 1, page 2, line 22, leave out “Act” and insert “section”

3: Clause 1, page 2, line 23, leave out “and must” and insert—

“( ) A statutory instrument containing regulations under this section may”

Moved by

Lord Deighton

4: Clause 5, leave out Clause 5 and insert the following new Clause—

“Restriction on voting rights

(1) Regulations under section 1(1) must make provision to ensure that no friendly society or mutual insurer will confer—

(a) more than one vote per person as a member on holders of deferred shares...

Moved by

Lord Deighton

4: Clause 5, leave out Clause 5 and insert the following new Clause—

“Restriction on voting rights

(1) Regulations under section 1(1) must make provision to ensure that no friendly society or mutual insurer will confer—

(a) more than one vote per person as a member on holders of deferred shares...

Moved by

Lord Deighton

5: Clause 6, page 4, line 2, after “a” insert “friendly”

6: Clause 6, page 4, line 5, after “a” insert “friendly”

7: Clause 6, page 4, leave out lines 8 to 26 and insert—

““the Companies Acts” has the same meaning as in the Companies Act 2006;

“friendly society” means a...

Moved by

Lord Deighton

5: Clause 6, page 4, line 2, after “a” insert “friendly”

6: Clause 6, page 4, line 5, after “a” insert “friendly”

7: Clause 6, page 4, leave out lines 8 to 26 and insert—

““the Companies Acts” has the same meaning as in the Companies Act 2006;

“friendly society” means a...

Moved by

Lord Deighton

9: Clause 7, page 4, line 28, leave out “Redeemable and”

10: Clause 7, page 4, line 30, leave out “Secretary of State” and insert “Treasury”

11: Clause 7, page 4, line 31, leave out “order” and insert “regulations”

Moved by

Lord Deighton

9: Clause 7, page 4, line 28, leave out “Redeemable and”

10: Clause 7, page 4, line 30, leave out “Secretary of State” and insert “Treasury”

11: Clause 7, page 4, line 31, leave out “order” and insert “regulations”

Moved by

Lord Deighton

12:In the Title, line 1, after “registered” insert “and incorporated”

13:In the Title, line 1, leave out “the Industrial and Provident Societies Act 1965 or”

14:In the Title, line 3, leave out first “and” and insert “or”

15:In the Title, line 3, leave out from “the” to “; and” in line...

Moved by

Lord Deighton

12:In the Title, line 1, after “registered” insert “and incorporated”

13:In the Title, line 1, leave out “the Industrial and Provident Societies Act 1965 or”

14:In the Title, line 3, leave out first “and” and insert “or”

15:In the Title, line 3, leave out from “the” to “; and” in line...

Lords committee stage. Clauses 1, and 5 to 7 agreed to as amended. Clauses 2 to 4 agreed to. Bill, reported with amendments (HL Bill 59).

Lords committee stage. Clauses 1, and 5 to 7 agreed to as amended. Clauses 2 to 4 agreed to. Bill, reported with amendments (HL Bill 59).

My Lords, I thank noble Lords for giving me time to get here from the Chamber, where we had an excellent three-hour debate on violence against women. I am now very pleased to join the deliberations in Committee.

Amendment 69B concerns co-operative schools. We believe that there is scope within the...

My Lords, I thank noble Lords for giving me time to get here from the Chamber, where we had an excellent three-hour debate on violence against women. I am now very pleased to join the deliberations in Committee.

Amendment 69B concerns co-operative schools. We believe that there is scope within the...

My Lords, this is even more of a pot pourri of a Bill than the previous regulatory Bill in which I participated in your Lordships’

House. However, there are some continuing themes concerning equalities, a lack of thought about people who need to be considered because of their vulnerabilities, and...

My Lords, this is even more of a pot pourri of a Bill than the previous regulatory Bill in which I participated in your Lordships’

House. However, there are some continuing themes concerning equalities, a lack of thought about people who need to be considered because of their vulnerabilities, and...

Motion to consider. Agreed to on question.

Motion to consider. Agreed to on question.

My Lords, the regulations represent the latest step in the Government’s drive to deliver improved legislation for registered societies in Great Britain, by which I mean co-operatives and community benefit societies, hitherto known as industrial and provident societies, as well as credit unions. The regulations relate to how we refer...

My Lords, the regulations represent the latest step in the Government’s drive to deliver improved legislation for registered societies in Great Britain, by which I mean co-operatives and community benefit societies, hitherto known as industrial and provident societies, as well as credit unions. The regulations relate to how we refer...

My Lords, it gives me great pleasure to welcome this stage of the legislation and the changes. In looking at my research, I am reminded of the efforts of John Roper—the noble Lord, Lord Roper—who played a large part in getting credit unions on to the agenda. Since then, Ed...

My Lords, it gives me great pleasure to welcome this stage of the legislation and the changes. In looking at my research, I am reminded of the efforts of John Roper—the noble Lord, Lord Roper—who played a large part in getting credit unions on to the agenda. Since then, Ed...

My Lords, it is the duty of Her Majesty’s loyal Opposition to oppose, so I have worked on these regulations to see what I could oppose. The answer, frankly, is nothing. It is good of the Minister to review the general primary legislation connected with this statutory instrument. I thought...

My Lords, it is the duty of Her Majesty’s loyal Opposition to oppose, so I have worked on these regulations to see what I could oppose. The answer, frankly, is nothing. It is good of the Minister to review the general primary legislation connected with this statutory instrument. I thought...