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Bill · started in the Lords

Mutuals’ Redeemable Shares Bill [HL]

A Bill to enable the law relating to societies registered under the Industrial and Provident Societies Act 1965 or the Friendly Societies Act 1992 and certain mutual insurers to be amended to permit and facilitate the use of a new and additional class of redeemable share capital; to provide consequential rights to members of such societies or insurers; and to restrict the voting rights of certain members who hold such shares.

In progress Current stage: 2nd reading (Lords)

The story so farThe Mutuals’ Redeemable Shares Bill was introduced in the House of Lords on 22 July 2013 by Lord Naseby (Conservative). It is now at second reading in the House of Lords. Second reading is the first debate on the overall principle of the bill; if the bill clears it, detailed committee scrutiny follows.

Progress through Parliament

  1. 1st reading Lords 22 Jul 2013
  2. 2nd reading Lords Current

Source: the official bill page. Last updated 23 Jul 2013.