CO-OPERATIVE AND COMMUNITY BENEFIT SOCIETIES
BILL - GOVERNMENT RESPONSE
Letter from John Healy MP, Economic Secretary
to the Treasury, to the Chairman
I am writing to inform the Delegated Powers Committee
of the Treasury's response to the Committee's report of 8 May
on the Cooperatives and Community Benefit Societies Bill.
I am pleased that the Committee considers the delegations
in clauses 7 and 8 (relating to commencement and application to
the Channel Islands) and those in clause 3 (applying, subject
to negative procedure, seven specific subsections of the Companies
Act 1985 for the purposes of new section 7E(1) of the 1965 Act)
to be appropriate. I note the Committee's concerns over the delegated
powers in clauses 1(5)(a) (criminal liability), 1(5)(d) (rule
making powers) and 1(5)(f) (the 'Henry VIII' power). The attached
Memorandum sets out the Treasury's response to these concerns.
I hope the Committee will find this satisfactory.
I am copying this letter to the members of the Delegated Powers
Committee, Andrew McIntosh, Denis Carter and the First Parliamentary
2 June 2003