Draft Building Societies Act 1986 (Modifications) Order 2024 Debate
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Mark Garnier
Main Page: Mark Garnier (Conservative - Wyre Forest)Department Debates - View all Mark Garnier's debates with the HM Treasury
Draft Building Societies Act 1986 (Modifications) Order 2024
Mark Garnier Excerpts(3 days, 20 hours ago)
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Mark Garnier (Wyre Forest) (Con)
This Committee may go on record as one of the swiftest yet!
It makes perfect sense to modify the Building Societies Act 1986 to bring it in line with the Companies Act 2006. We have no objection to the order. It is possible that it may only affect one building society, but none the less it would be fairly old-fashioned to have two separate sets of rules depending on which type of business we are discussing. We are behind the order, which makes a huge amount of sense. I will not take any more of the Committee’s time.
Question put and agreed to.