Source · Select Committees · Treasury Committee
Recommendation 10
10
Paragraph: 47
Prioritise progress on secondary legislation for building society mutual deferred shares.
Recommendation
Given that Parliament has expressed its will through the Mutual Deferred Shares Act 2015 that building societies should be able to raise finance through mutually deferred shares, the Committee expects the Government to address the lack of progress made on the secondary implementing legislation as part of its Edinburgh Reforms work in this area.
Paragraph Reference:
47
Government Response
A response document is linked to this report, dated 21 February 2024. Response attribution to this conclusion has not been verified. Read the response document ↗