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Notices of Amendments given up to and including Wednesday 25th April 2007 New Amendments handed in are marked thus * Consideration of Bill Building Societies (Funding) and Mutual Societies (Transfers) Bill New Clause Annual report to Parliament Dr Vincent Cable
NC1 * To move the following Clause:— ‘The Chancellor of the Exchequer must lay before Parliament an annual report on the performance and funding position of financial mutuals and the comparative performance of financial non-mutuals to assist Parliament in the monitoring of the implementation of this Act.’. Mr David Winnick
1 * Page 2, line 4 [Clause 1], leave out from ‘instrument’ to ‘House’ and insert ‘subject to annulment in pursuance of a resolution of either’. Mr David Winnick
2 * Page 2, line 23 [Clause 1], leave out from ‘instrument’ to ‘House’ and insert ‘subject to annulment in pursuance of a resolution of either’. Mr David Winnick
4 * Page 2, line 32 [Clause 2], at end insert ‘and after satisfying those liabilities any surplus assets are distributed in accordance with the society’s rules.’. Mr David Winnick
3 * Page 3, line 7 [Clause 2], leave out from ‘instrument’ to ‘House’ and insert ‘subject to annulment in pursuance of a resolution of either’. Mr David Winnick
5 * Page 3, line 9 [Clause 2], at end insert— ‘(2) In Schedule 2 to the Building Societies Act 1986 (c.53) after paragraph 3(4) insert— “(4A) Rules about matters under item 14 of the Table in sub-paragraph (4) above must ensure that surplus assets are distributed in accordance with need.”’. Mr David Winnick
6 * Title, line 2, after ‘members;’ insert ‘to provide for the alteration of priorities on dissolution and winding up of a building society;’. |
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| © Parliamentary copyright 2007 | Prepared: 26 April 2007 |