Regulatory Reform Committee

Session 2002-03        Thursday 21 November 2002

Proposal for the Regulatory Reform (Credit Unions) Order 2002

Proposal for the Regulatory Reform (Special Occasions Licensing) Order 2002

The Government laid these two regulatory reform proposals before Parliament in July, under the procedure laid down by the Regulatory Reform Act 2001.  The proposed Credit Unions order would amend the Credit Unions Act 1979 by allowing credit unions to charge fees for providing additional basic services; by making the common bond requirements, governing admission to membership, more flexible; and by establishing appropriate regulation on the use of the name "credit union".  The proposed Special Occasions Licensing order would extend permitted hours for on-licensed premises and registered clubs, from the end of normal permitted hours on New Year's Eve through to the beginning of normal permitted hours on New Year's Day, for all future years.

The Committee has considered both proposals in accordance with its Standing Order.  On the evidence before it, it recommends that a draft order in the same terms as the Special Occasions Licensing proposal should be laid before the House, and that a small drafting amendment be made to the Credit Unions proposal before a draft order is laid before the House.  In both cases, however, a substantial amount of the 60-day period for Parliamentary consideration still remains, during which the Committee may yet receive further representations. It will therefore make its formal recommendation to the House on each proposal at a later stage.

Meanwhile, the Committee's substantive Report on the proposals will be published at 2.00 pm on Monday 25 November. The Report (the Committee's First Report of Session 2002-03) will be available from all Stationery Office outlets (Ref HC 82). It will also be available on the Committee's website ( from 3.30pm on the day of publication.