Mutuals’ Bill achieves Second Reading in UK House of Commons

13 January 2015

The Mutuals’ Deferred Shares Bill has achieved a crucial Second Reading in the UK House of Commons. The Bill will now proceed to Committee Stage and a Third Reading.

The Mutuals’ Deferred Shares Bill will permit member shares capital in Friendly Societies and Mutual Insurers for the first time. This innovative law, which is the result of the collaborative efforts of the UK Mutual sector undertaken on their behalf by Mutuo, is an example of the opportunities for Mutual advancement of genuine cross-sector collaboration – when this Bill is commuted into law, UK citizens will be able to strengthen their bond with their trusted Mutuals by directly participating in the capitalisation of the business.

Further information on the Mutuals’ Deferred Shares Bill is available on Mutuo (UK).