HISTORIC PRESS RELEASE : Consultation for a European Co-operative Society [July 2001]

The press release issued by HM Treasury on 27 July 2001.

A joint HM Treasury/DTI consultation on the European Commission proposal to create a European Co-operative Society was published today.

The proposal consists of a Regulation setting out the framework for a new pan-European institution, which could operate across Member States on the basis of registration in one Member State, and a draft Directive concerning employee involvement in each institution.

Welcoming the publication of the consultation document, Economic Secretary Ruth Kelly said:

“We are seeking comments on all aspects of the draft proposals for a European Co-operative Society, to inform the policymaking process going forward.  The co-operative movement is known for its diversity, so I hope that a wide range of consultees will respond, to enable Government to take account of all the different perspectives and needs.”