Commons2nd reading

Christmas Savings Schemes (Regulation) Bill

A Bill to make provision for the regulation of Christmas savings schemes; and for connected purposes

Originating House

House of Commons

Parliament last updated

25 April 2008

In Plain English

AI-generated

May contain errors — check source documents for definitive information.

The Christmas Savings Schemes (Regulation) Bill would introduce rules to regulate schemes where people regularly contribute money during the year to collect a lump sum at Christmas. It aims to protect participants by setting standards for how schemes are run, requiring oversight of organisers, and giving authorities powers to enforce the rules and tackle unfair practices.

Key Points

Creates a regulatory framework for Christmas savings schemes to protect savers.
Requires scheme organisers to meet certain standards, obtain registration or authorisation, keep records and disclose terms; bans unfair or misleading practices.
Empowers a regulator to enforce the rules and imposes penalties on non-compliant promoters.

Who is affected?

Savers/participants in Christmas savings schemesOrganisers, promoters and administrators of such schemesRegulators and consumer protection authorities (e.g. the Financial Conduct Authority or successor bodies)Small businesses or community groups that run Christmas savings schemes for their members

Generated 21 February 2026

Bill Stages

1st readingCommons

23 Jan 2008

2nd readingCommons

Committee stageCommons

Report stageCommons

3rd readingCommons

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Royal Assent

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