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

Last Updated

25 April 2008

In Plain English

AI-generated

The Christmas Savings Schemes (Regulation) Bill would create a regulatory framework for schemes where people pool money to save for Christmas. It aims to make these schemes fair and transparent and to give regulators and enforcement authorities clear powers to protect savers. If enacted, it could require providers to meet certain standards and disclose essential information to participants.

Key Points

Establishes a regulatory framework for Christmas savings schemes, including potential registration or licensing of providers.
Sets rules on how schemes are run, with duties on disclosure, handling of funds, and protection for savers.
Provides enforcement powers and penalties for non-compliance, overseen by a designated regulator.

Who is affected?

Savers and their families who participate in Christmas savings schemesOperators and providers of Christmas savings schemesRegulators and consumer protection bodies responsible for supervising these schemesSmall businesses and service providers involved in running or administering the schemes

Generated 21 February 2026

Parliamentary Votes (0)

No recorded votes for this bill yet.