European Co-operative Statute

HC Deb 03 June 1992 vol 208 cc557-8W

Mr. Michael

To ask the Chancellor of the Exchequer on what documents, in addition to the formal draft statute, he will base his formal consultation exercise in regard to the draft European co-operative statute; and if he will place copies of all such documents and any circulars on the topic in the Library.

Mr. Nelson

The combined consultative document will be based on all three draft "social economy" statutes, along with the accompanying employee participation directives. In drafting this consultative document, due notice will be taken of the consultation exercise carried out by the DTI in January 1992, in respect of the European company statute, on which many of the provisions of the "social economy" statutes are based. Copies of the draft statutes and directives are already in the Library and a copy of the consultative document will be placed there in due course.