Legal News for UK Co-ops and Mutuals

This is a blog where brief information about developments in UK Co-op and mutual law will be reported. Readers of this blog will also find Linda Barlow's Co-operatives UK Blog at helpful. For an network of academics working on co-ops, mutuals and social enterprises visit

My Photo
Location: Leicestershire, United Kingdom

Interested in sharing information and knowledge around legal issues for co-ops and social enterprises in the co-oplawnews blog and thoughts on random issues in the "real" blog.

Friday, March 29, 2013

International Co-operative Alliance UK and Blueprint

This link gives an up to date account of the relationship between the ICA's Blueprint Plan on legislation and this year's UK developments. Essentially, we have the consolidation which it is hoped will become law by late 2013 (see My Blog Entry of early 2012) and the 2013 Budget announcement of a plan to review the limit on holdings of withdrawable share capital in societies and to look at applying insolvency rescue procedures to societies - as recommended here. See Linda Barlow's Blog for an outline of the implications.
As usual with Budget announcements, the announcement was thin on detail:
"2.260 Co-operatives legislation – The Government will consult in summer 2013 on options for raising the limit on individual subscriptions for Withdrawable Share Capital in Industrial and Provident Societies (IPSs) and introducing insolvency procedures for IPSs and credit unions."
See Budget 2013 at page 94.
So now we await the consultations in the "Summer" .....and maybe a Draft Consolidation Bill earlier than that?
© Ian Snaith 2013 This work is licensed under the Creative Commons Attribution-NonCommercial-Noderivs 2.0 England and Wales Licence. To view a copy of this licence visit or send a letter to Creative Commons, 559 Nathan Abbott Way, Stanford, California 94305, USA

Labels: , , , , , ,


Post a Comment

<< Home