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Building Societies (Funding) and Mutual Societies (Transfers) |
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[The page and line references are to HL Bill 65, the bill as first printed for the Lords.] |
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1 | Page 3, line 36, at end insert— |
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| | “( ) | If a draft of an order mentioned in subsection (6) would, apart from this |
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| | subsection, be treated for the purposes of the Standing Orders of either |
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| | House of Parliament as a hybrid instrument it must proceed in that House |
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| | as if it were not such an instrument.” |
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2 | Page 3, line 44, at end insert— |
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| | “( ) | an EEA mutual society.” |
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3 | Page 4, line 9, at end insert— |
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| | “( ) | An EEA mutual society is— |
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| | (a) | a body which is a European Cooperative Society for the purposes of |
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| | Council Regulation (EC) No 1435/2003 (statute for a European |
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| | (b) | a body which is established as a cooperative under the law of an |
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| | EEA state as mentioned in that Regulation; |
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| | (c) | a body which is a cooperative or mutual undertaking of such |
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| | description as the Treasury specify by order and which is |
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| | established or operates in accordance with the laws of an EEA state |
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| | or any of the Channel Islands or the Isle of Man.” |
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4 | Page 4, line 10, leave out from second “a” to end of line 13 and insert “relevant |
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5 | Page 4, line 20, at end insert— |
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| | “( ) | A relevant company is— |
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| | (a) | a company within the meaning of the Companies Act 2006 (or, |
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| | before the commencement of Part 1 of that Act, the Companies Act |
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| | (b) | a company within the meaning of the Companies (Northern |
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| | Ireland) Order 1986 (S.I. 1986/1032 (N.I. 6)); |
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| | (c) | a body corporate which is incorporated in an EEA state other than |
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6 | Page 4, line 20, at end insert— |
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| | “( ) | For the purposes of paragraph 17 of Schedule 1 to the Financial Services |
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| | and Markets Act 2000 (c. 8) (power to charge fees) a function conferred on |
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| | the Financial Services Authority by an order under this section is to be |
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| | treated as a function conferred under or as a result of that Act.” |
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7 | Insert the following new Clause— |
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| | “Channel Islands and Isle of Man |
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| | Her Majesty may by Order in Council provide for any of the provisions of |
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| | this Act to extend, with or without modifications, to any of the Channel |
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| | Islands or to the Isle of Man.” |
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