Overview

The Mutuals' Deferred Shares Bill, passed by the UK Parliament, aimed to amend legislation concerning the treatment of deferred shares held by mutual societies. The specific amendments focused on removing a clause and altering the title of the bill, reflecting a change in its scope.

Description

The bill, as amended, primarily involved the removal of Clause 2. The exact content of Clause 2 is not provided in the given text, but its removal suggests a significant alteration to the original intentions of the bill. The title of the bill was also modified; the precise changes to the title are not specified, suggesting the final title better reflects the bill's revised scope after the removal of Clause 2. The changes indicate a simplification or narrowing of the bill's original focus.

Government Spending

No information on government spending is available from the provided text. The amendments do not directly address budgetary matters.

Groups Affected

Mutual societies are the primary group affected by this bill. The removal of Clause 2 and the title amendment likely impact how deferred shares held by these societies are treated, although the precise nature of that impact cannot be determined without the original content of Clause 2.

Powered by nyModel