Banking (Special Provisions) Bill

Part of the debate – in the House of Lords at 4:00 pm on 21st February 2008.

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Photo of Lord Goodhart Lord Goodhart Liberal Democrat 4:00 pm, 21st February 2008

There is nothing particularly novel or unusual about including a dehybridisation clause. It was last used, as we said in our report, in the Building Societies (Funding) and Mutual Societies (Transfers) Act, which was passed in the previous Session.