Financial Services Bill — Clause 47 — Power for Treasury to Change Law on Mutual Societies by Order To Promote Such Societies, Collect Statistics on Them and Diversify the Financial Sector — 22 May 2012 at 20:00

Jamie Reed MP, Copeland voted to allow the Treasury to change a series of laws on mutual societies to provide for increased diversity in the financial services sector, the promotion of mutual societies and to make arrangements to collect statistics on mutual societies.

The majority of MPs voted against allowing the Treasury to change a series of laws on mutual societies to provide for increased diversity in the financial services sector, the promotion of mutual societies and to make arrangements to collect statistics on mutual societies.

MPs were considering the Financial Services Bill[1]. The amendment rejected in this vote was:

  • Amendment 72, page 130, line 38, at end insert—
  • ‘(g) making provision for the increased diversity of the financial services sector and promotion of mutual societies, including arrangements to measure the number of members of mutual societies, and the market share for mutual societies as a proportion of the UK financial services sector.’.

Had it not been rejected the above new subclause would have been added to Clause 47 of the Bill[2] titled Mutual societies: power to transfer functions. The subclause the amendment sought to introduce would have added a further purpose for which the Treasury may by order amend a series of Acts of Parliament relating to mutual societies.

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Debate in Parliament | Source |

Party Summary

Votes by party, red entries are votes against the majority for that party.

What is Tell? '+1 tell' means that in addition one member of that party was a teller for that division lobby.

What are Boths? An MP can vote both aye and no in the same division. The boths page explains this.

What is Turnout? This is measured against the total membership of the party at the time of the vote.

PartyMajority (No)Minority (Aye)BothTurnout
Alliance0 10100.0%
Con233 (+1 tell) 0076.5%
DUP0 4050.0%
Green0 10100.0%
Ind0 10100.0%
Lab0 202 (+2 tell)079.4%
LDem38 (+1 tell) 0068.4%
PC0 30100.0%
SDLP0 1033.3%
SNP0 5083.3%
Total:271 218076.7%

Rebel Voters - sorted by party

MPs for which their vote in this division differed from the majority vote of their party. You can see all votes in this division, or every eligible MP who could have voted in this division

Sort by: Name | Constituency | Party | Vote

NameConstituencyPartyVote
no rebellions

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