Public Bill Committees
Financial Mutuals Arrangements Bill

  • Financial Mutuals Arrangements Bill, 1st sitting (1 speech)
    [David Taylor in the Chair]
    • Clause 1 (11 speeches)
      Removal of the funding limit for building societies
    • Clause 2 (3 speeches)
      Power to amend etc, to alter priorities on dissolution and winding up of building societies
    • Clause 3 (4 speeches)
      Transfers between mutuals
    • Clause 4 (4 speeches)
      Short title, commencement and extent
    • New Clause 1 (0 speeches)
      Funding limit for building societies ‘(1) In section 7 of the Building Societies Act 1986 (c. 53) (funding limit)— (a) after subsection (6) insert— “(6A) The Treasury may,...
    • New Clause 2 (0 speeches)
      Power to alter priorities on dissolution and winding up ‘After section 90A of the Building Societies Act 1986 (c. 53) insert— “90B Power to alter priorities on dissolution and...
    • New Clause 3 (0 speeches)
      Transfers to subsidiaries of other mutuals ‘(1) The Treasury may, by order, make such modifications of the transfer provisions as it thinks appropriate to facilitate, or in consequence of,...
    • New Clause 4 (8 speeches)
      Transfers to subsidiaries: distribution of funds ‘(1) An order under section (Transfers to subsidiaries of other mutuals) may provide for this section to have effect. (2) Subsection (3)...