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Select Committee
Building Societies Association
 UKR0052 - UK Regulators

Written Evidence Dec. 13 2023

Inquiry: UK Regulators
Inquiry Status: Closed
Committee: Industry and Regulators Committee

Found: the Prudential Regulation Authority’s (PRA) statutory requirement to ‘have regard to’ the impact on mutuals

Bill Documents
23 May 2023 - Delegated Powers Memorandum
Co-operatives, Mutuals and Friendly Societies Bill: Delegated Powers Memorandum
Co-operatives, Mutuals and Friendly Societies Act 2023

Found: Co-operatives, Mutuals and Friendly Societies Bill: Delegated Powers Memorandum

Scottish Government Publication (FOI/EIR release)
Local Government and Housing Directorate

Nov. 27 2023

Source Page: Property Factor removal statistics: FOI release
Document: Property Factor removal statistics: FOI release (webpage)

Found: longer existed as a legal entity (for example, dissolved on Companies House or listed as closed on the Mutuals

Select Committee
Fourth Special Report - Edinburgh Reforms One Year On: Has Anything Changed?: Further Government Response to the Committees Second Report Fourth

Special Report Apr. 26 2024

Committee: Treasury Committee (Department: HM Treasury)

Found: TSC Conclusion Response 9) The continued viability of building societies and mutuals is of high importance

Lords Chamber
Co-operatives, Mutuals and Friendly Societies Bill
2nd reading - Fri 24 Mar 2023
HM Treasury

Mentions:
1: Lord Kennedy of Southwark (LAB - Life peer) It allows the Treasury to make regulations that in turn will allow various mutuals, if they so wish, - Speech Link
2: Baroness Penn (CON - Life peer) At their core, mutuals give people a stake in how businesses and organisations should be run. - Speech Link
3: Lord Kennedy of Southwark (LAB - Life peer) That is a recent example of the threat that mutuals face when people see their large assets. - Speech Link

Deposited Papers

Feb. 28 2012

Source Page: Publication on the sale of Northern Rock plc. 34 p.
Document: DEP2012-0372.pdf (PDF)

Found: Northern Rock plc in line with State aid rules, allowing any interested parties to bid, including mutuals

Departmental Publication (Guidance and Regulation)
Cabinet Office

May. 24 2024

Source Page: Procurement Act 2023 guidance documents - Plan phase
Document: (PDF)

Found: Contracting authorities can also reserve a light touch contract for public sector mutuals, which is dealt

Commons Chamber
Co-operatives, Mutuals and Friendly Societies Bill
3rd reading - Fri 24 Feb 2023
HM Treasury

Mentions:
1: Mark Hendrick (LAB - Preston) Third time.The object of my Bill is to help ensure the best business environment for co-operatives and mutuals - Speech Link
2: Rob Butler (CON - Aylesbury) Gentleman referred.There are 50 financial mutuals currently operating in the UK. - Speech Link
3: Andrew Griffith (CON - Arundel and South Downs) valuable contribution mutuals make. - Speech Link

Lords Chamber
Royal Assent
Royal Assent - Thu 29 Jun 2023
No Department present
Select Committee
Second Report - Edinburgh Reforms One Year On: Has Anything Changed?

Report Dec. 08 2023

Committee: Treasury Committee (Department: HM Treasury)

Found: Martin Shaw, Chief Executive Officer, Association of Financial Mutuals, told us that despite the Act