This bill modernizes building society regulations to help them compete with banks by allowing certain funding sources to be excluded from calculation limits and enabling virtual meeting participation.
A Bill to make provision about the funding of building societies and the assimilation of the law relating to companies and the law relating to building societies.
Status: Act of Parliament
Current House: Unassigned
Stage: Royal Assent
Sponsored by: Julie Elliott, Lord Kennedy of Southwark
Introduced: 2023-12-06
Royal Assent: 2024-05-24