HC Deb 08 August 1980 vol 990 c416W
Mr. Scott

asked the Chancellor of the Exchequer what plans he has to legislate on building societies.

Mr. Durant

asked the Chancellor of the Exchequer what plans he has to legislate on building societies.

Mr. Lawson

The Government intend to apply to building societies the first European directive on credit institutions by means of regulations to be made in the next Session of Parliament under the European Communities Act 1972. We have no immediate plans for primary legislation: we shall be considering this further when the European directive has been implemented.