Financial Mutuals Arrangements

Bills Presented – in the House of Commons at 12:31 pm on 13th December 2006.

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Sir John Butterfill, supported by Mr. Adrian Bailey, Dr. Vincent Cable, Mr. Christopher Chope, Mr. David Curry, Kelvin Hopkins, Mr. Andrew Love, Mr. Elfyn Llwyd, Sarah McCarthy-Fry, Mr. Ken Purchase, Mr. Mike Weir and Sir Nicholas Winterton, presented a Bill to remove existing funding limits in respect of building societies, subject to regulation by the Financial Services Authority; to provide consequential rights to building society members; and to enable specified categories of mutual organisations to transfer engagements to one another or to a company: And the same was read the First time; and ordered to be read a Second time on Friday 23 March, and to be printed [Bill 23].