21 December 2007
Review of the GB cooperative and credit union legislation
This consultation seeks views from stakeholders on the review of the legislation for cooperatives and credit unions in Great Britain. The long term-aim is to provide the cooperative and credit union sectors with a cost-effective legislative framework, which will enable them to compete even more effectively in the modern society and to continue to fulfil their valuable social role.
The responses to this consultation will help to inform policy and form the evidence base for any proposed changes. Following on from this the Treasury will prepare a full Impact Assessment of the various options including a cost/benefit assessment based on the evidence gathered.
The consultation documents are available in Adobe Acrobat Portable Document Format (PDF). If you do not have Adobe Acrobat installed on your computer you can download the software free of charge from the Adobe website. For alternative ways to read PDF documents and further information on website accessibility visit the HM Treasury accessibility page.
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Summary of responses to the consultation
The Treasury consultation on the review of GB cooperative and credit union legislation closed on 12 September 2007. Over 200 responses were received from various stakeholders including the main trade representative bodies, other Government departments and the Financial Services Authority. This document sets out a summary of the consultation responses as well as the Government's implementation proposals.