That is my understanding. The changes will allow mutuals in other EEA states to take over UK mutuals on the same basis that other UK mutuals may take them over. Only EEA mutuals specified in the Bill or an order made under it may benefit in that way. To reiterate, it is a matter for the bodies concerned to decide whether a particular takeover is appropriate.
Building Societies (Funding) and Mutual Societies (Transfers) Bill
Proceeding contribution from
Kitty Ussher
(Labour)
in the House of Commons on Friday, 19 October 2007.
It occurred during Debate on bills on Building Societies (Funding) and Mutual Societies (Transfers) Bill.
About this proceeding contribution
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464 c1098Session
2006-07Chamber / Committee
House of Commons chamberSubjects
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2023-12-15 12:03:42 +0000
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