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Presbyterian Mutual Society

Volume 488: debated on Tuesday 24 February 2009

To ask the Chancellor of the Exchequer what meetings officials in his Department have had on the Presbyterian Mutual Society in Northern Ireland entering into administration; and if he will make a statement. (253580)

[holding answer 3 February 2009]: Treasury Ministers and officials have meetings with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery. As was the case with previous Administrations, it is not the Government's practice to provide details of all such meetings.

Presbyterian Mutual Society (PMS) is an industrial and provident society registered under the Industrial and Provident Societies Act (Northern Ireland) 1969. The Department of Enterprise, Trade and Investment in Northern Ireland is the registrar.

The Government announced at PBR 2008 that it would carry out a review of the regulatory framework for credit unions and industrial and provident societies in Northern Ireland, in association with the Department of Enterprise, Trade and Investment in Northern Ireland, which is the Department with responsibility for these matters within the devolved Administration. The review has now started and work is ongoing.