Building Societies (Funding) and Mutual Societies (Transfers) Bill

But surely if the hybridity issue will not arise, there is no need for Lords amendment No. 1. If the hybridity issue may issue, that will only be because private interests may be being prejudiced as a result of a transfer. If private interests are going to be prejudiced as a result of a transfer, surely it is right that the hybrid instrument procedure in the other House should be applicable.