✓ Passed into LawLords
UK Parliament · Bill
Co-operatives, Mutuals and Friendly Societies Act 2023
Summary
This Act updates the laws governing co-operatives (member-owned businesses), mutuals (member-owned financial organizations), and friendly societies (member-run insurance clubs). It aims to make it easier for these types of organizations to operate while keeping rules in place to protect the people who own and use them.
A vote to support means
- —Supporting this Act means backing rules that help co-operatives, mutuals, and friendly societies operate more easily and fairly. These are businesses owned by their members rather than shareholders, so supporting the Act helps ordinary people have more say in the organizations they use for banking, shopping, or insurance.
A vote to oppose means
- —Some people might worry the Act doesn't protect members well enough or gives these organizations too much freedom. Others could be concerned it might disadvantage traditional businesses or that the rules aren't strict enough to prevent fraud or mismanagement.
Cast Your Vote
People's Vote0 votes
0% Support · 00% Oppose · 0
Bill Passage
Commons
- 1st reading15 Jun 2022
- 2nd reading28 Oct 2022
- Committee stage30 Nov 2022
- 3rd reading24 Feb 2023
Lords
- 1st reading27 Feb 2023
- 2nd reading24 Mar 2023
- 3rd reading16 Jun 2023
Royal Assent29 Jun 2023
Full Bill Description(click to expand)
No description available