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HBOS Group Reorganisation Act 2006
The HBOS Group Reorganisation Act 2006 is a Local and Personal Acts of Parliament in the United Kingdom, local Act of Parliament, passed by the Parliament of the United Kingdom in June 2006. The aim of the act was to provide HBOS plc, a banking and insurance group in the UK, the legal authority to reorganise its subsidiaries into a simplified structure. It came into effect on 17 September 2007. Background HBOS plc is a banking and insurance holding company and was created on 10 September 2001 from the merger of the Bank of Scotland, Governor and Company of the Bank of Scotland and Halifax (United Kingdom bank), Halifax plc. These two banks are the main UK subsidiaries of HBOS, although they themselves operate various other subsidiary companies. The Bank of Scotland was incorporated by an Act of the Parliament of Scotland in 1695, and operates under the authority of this Act and subsequent other Acts passed in 1873, 1920, 1954 and 1970. Halifax is a public limited company and was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Local And Personal Acts Of Parliament In The United Kingdom
Private acts are laws in the United Kingdom which apply to a particular individual or group of individuals, or corporate entity. This contrasts with a public general Act of Parliament (statute) which applies to the nation-state. Private acts can afford relief from another law; grant a unique benefit or, grant powers not available under the general law; or, relieve someone from legal responsibility for some allegedly wrongful act. There are now two types of private act: Acts for the benefit of individuals (known as personal acts), and others acts of local or limited application (known as local acts). This distinction between personal acts and local acts was introduced in 1797, before that time there were simply private acts. Private acts should not be confused with private member's bills—which, in the Westminster system, are bills for a public general Act of Parliament proposed by individual parliamentarians rather than the government. About 11,000 private or personal acts have ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parliament Of The United Kingdom
The Parliament of the United Kingdom is the supreme legislative body of the United Kingdom, the Crown Dependencies and the British Overseas Territories. It meets at the Palace of Westminster, London. It alone possesses legislative supremacy and thereby ultimate power over all other political bodies in the UK and the overseas territories. Parliament is bicameral but has three parts, consisting of the sovereign ( King-in-Parliament), the House of Lords, and the House of Commons (the primary chamber). In theory, power is officially vested in the King-in-Parliament. However, the Crown normally acts on the advice of the prime minister, and the powers of the House of Lords are limited to only delaying legislation; thus power is ''de facto'' vested in the House of Commons. The House of Commons is an elected chamber with elections to 650 single-member constituencies held at least every five years under the first-past-the-post system. By constitutional convention, all governme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HBOS Plc
HBOS plc was a banking and insurance company in the United Kingdom, a wholly owned subsidiary of the Lloyds Banking Group, having been taken over in January 2009. It was the holding company for Bank of Scotland, Bank of Scotland plc, which operated the Bank of Scotland and Halifax (United Kingdom bank), Halifax brands in the UK, as well as HBOS Australia and HBOS Insurance & Investment Group Limited, the group's insurance division. HBOS was formed by the 2001 merger of Halifax (United Kingdom bank), Halifax plc and the Governor and Company of the Bank of Scotland, Bank of Scotland. The formation of HBOS was heralded as creating a fifth force in British banking as it created a company of comparable size and stature to the established ''Big Four (banks), Big Four'' UK retail banks. It was also the UK's largest mortgage lender. The HBOS Group Reorganisation Act 2006 saw the transfer of Halifax plc to the Bank of Scotland, which had by then become a registered public limited co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
