| Guvnor

Enforced by: FCA, CIC Regulator
Status: Amended (in force with amendments)
Penalty ceiling: Imprisonment 5 of 68 obligations carry a fine up to £1,000. 7 carry different penalties and 56 have no criminal penalty — flagged in the list below.

Does it bind you?

Business-side roles with duties under this instrument.

Trader25 Director or Officer23 Any Person15 Employee1

Plus 4 duties on the regulator, Crown ministers and public bodies — folded into the section list below.

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Trader — also bound by 825 other Acts

Value Added Tax Regulations 1995 416 duties

Companies Act 2006 243 duties

The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 133 duties

Companies Act 1985 85 duties

Insolvency (England and Wales) Rules 2016 62 duties

Director or Officer — also bound by 429 other Acts

Insolvency (England and Wales) Rules 2016 162 duties

Companies Act 2006 126 duties

Insolvency Act 1986 77 duties

The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 68 duties

Building Societies Act 1986 32 duties

Any Person — also bound by 2340 other Acts

Human Medicines Regulations 2012 184 duties

Merchant Shipping Act 1995 144 duties

Insolvency (England and Wales) Rules 2016 104 duties

Communications Act 2003 92 duties

Road Traffic Act 1988 92 duties

Employee — also bound by 189 other Acts

Regulation (EU) No 965/2012 (Air Operations) 18 duties

Employment Rights (Northern Ireland) Order 1996 (current NI employment law) 13 duties

The Income Tax (Pay As You Earn) Regulations 2003 11 duties

Shared Parental Leave Regulations 2014 10 duties

Paternity and Adoption Leave Regulations 2002 9 duties

What it requires

Sections creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

Part 1

Registration

3 of 9 sections shown

s.007 Cancellation of registration: additional procedure in cases involving condition D Regulated

Fail to comply with FCA winding‑up directionAny Person

s.008 Suspension of registration Regulated

Other duties (1) — Crown / regulator

FCA must provide notice and publish details of registration suspensionStatutory regulator

s.009 Appeal against refusal to register or cancellation or suspension of registration Regulated

Appeal to court against FCA refusal, cancellation or suspensionDirector or Officer

Other duties (1) — Crown / regulator

Appeal an FCA decision refusing, cancelling or suspending society registrationTribunal / Court

6 other sections in this Part — procedural and definitional

s.001 Meaning of “registered society”

s.002 Societies that may be registered

s.003 Registration

s.004 Registration etc : special cases

s.005 Cancellation of registration: conditions for cancellation

s.006 Cancellation of registration: procedure and effect

Part 2

Name, rules, powers etc

8 of 20 sections shown

s.010 A society's name Regulated

Ensure your society's name ends with 'limited' or 'cyfyngedig' and is not undesirableTrader

s.011 Registered name to be displayed and used Prosecution

Fail to display registered name on documents or websiteDirector or Officer

Fine up to £1,000

s.012 Charitable status to appear on documents etc Prosecution

Fail to display charitable status on required documentsDirector or Officer

Fine up to £1,000

s.014 Content of a society's rules Regulated

Include required information in your society's rulebookTrader
Include required matters in your society’s rulesDirector or Officer

s.017 Appeal against refusal to register amendment of rules Regulated

Appeal FCA refusal to register rule changesAny Person

Other duties (1) — Crown / regulator

FCA must register rule amendments if an appeal is successfulStatutory regulator

s.018 Duty to provide copy of rules on demand Regulated

Provide a copy of your registered rules on requestTrader

s.019 Provision of rules with intent to mislead or defraud Prosecution

Give false or misleading society rulesAny Person

Fine up to £200

s.020 Creation of offences by a society's rules Regulated

A society's rules may make breaches of its rules an offence, prosecuted by the societyAny Person

12 other sections in this Part — procedural and definitional

s.013 Change of name

s.015 Rules to bind members

s.016 Amendment of rules

s.021 Rules as to fund for purchase of government securities

s.022 Rules of agricultural, horticultural or forestry society may provide for loans without security

s.023 Supplementary provisions as to rules

s.024 Maximum interest in a society's withdrawable shares

s.025 Power to amend limit in section 24

s.026 Power to hold land etc

s.027 Power to invest

s.028 Proxy voting by societies

s.029 Power to restrict use of assets of a community benefit society

Part 3

Members and officers

5 of 13 sections shown

s.030 Register of members and officers Regulated

Maintain a member and officer register at your society’s registered officeDirector or Officer
Maintain a register of members and officersTrader

s.037 Nomination by member of entitlement to property in society on member's death Regulated

Keep a record of member death nominationsTrader

s.039 Section 37: procedure on death Regulated

Manage the transfer of property or shares following a member's deathDirector or Officer
Transfer or pay nominated assets on a member’s deathDirector or Officer

s.041 Security to be given by certain officers Regulated

Provide security if you handle society money and rules require itTrader
Provide a bond or guarantee before handling society fundsDirector or Officer

s.042 Duty of certain officers and employees to account Regulated

Account for money and property held on behalf of the societyEmployee
Provide accounts and hand over money or property on demandAny Person

8 other sections in this Part — procedural and definitional

s.031 Members under 18

s.032 Bodies corporate may be members

s.033 Society a member of another society: references to members making and signing documents etc

s.034 Advances to members

s.035 Remedies for members' debts

s.036 Payments in respect of persons lacking capacity

s.038 Section 37: variation and revocation of nominations

s.040 Death of member: distribution of property not exceeding £5,000

Part 4

A society's capacity and related matters

2 of 16 sections shown

s.044 Special resolutions under section 43 Regulated

Send special resolutions to the FCA for registrationDirector or Officer

s.050 Common seal Prosecution

Use a common seal without the society’s name engravedDirector or Officer

Fine up to £1,000

14 other sections in this Part — procedural and definitional

s.043 Capacity of a society and relationship with its rules

s.045 Power of committee to bind society

s.046 No duty to enquire as to capacity of society or authority of committee

s.047 Application of sections 43 and 45 to charitable societies

s.048 Transactions with committee members etc in excess of powers

s.049 Section 48: definitions

s.051 Power of society to have official seal for use abroad

s.052 Authorisation of use of official seal

s.053 Methods for execution of documents: England and Wales

s.054 Method for execution of contracts under seal: England and Wales

s.055 Execution of documents: Scotland

s.056 Execution of documents: presumption of validity of officer's signature

s.057 Contracts, deeds and obligations made before registration of society

s.058 Bills of exchange and promissory notes

Part 5

Charges over a society's assets

2 of 8 sections shown

s.063 Filing of information relating to charges created by virtue of section 62 Regulated

File floating charge details with FCA within 21 daysTrader

s.066 Duty to account etc of receiver or manager of a society's property Regulated

Notify the FCA of receiver appointments and submit financial returnsDirector or Officer
Report to FCA (and PRA) as receiver or manager of a society’s propertyAny Person

6 other sections in this Part — procedural and definitional

s.059 Charges on assets of English and Welsh societies

s.060 Section 59: power to extend time for making application or to rectify errors

s.061 Notification of transactions relating to charges recorded under section 59

s.062 Floating charges created by Scottish societies

s.064 Notification of charges etc: Scotland

s.065 English and Welsh societies: restriction on appointment of administrative receiver

Part 6

Banking and lending by societies

2 of 8 sections shown

s.067 Registered society with withdrawable share capital not to carry on banking etc Regulated

Carry on banking when you have withdrawable share capitalAny Person

s.069 Society carrying on banking must display statement Prosecution

Fail to display required banking statementAny Person

Fine up to £200

6 other sections in this Part — procedural and definitional

s.068 Power to amend figures in section 67(2)

s.070 Section 69: form of statement

s.071 Discharge of mortgages of property in England and Wales

s.072 Discharge of securities: land in Scotland

s.073 Discharge of securities: other property in Scotland

s.074 Receipt on payment of moneys secured to a society

Part 7

Accounts, audit and annual returns

15 of 28 sections shown

s.075 Duty to keep books of account etc Regulated

Maintain proper accounting records and internal controlsTrader
Keep proper books of account and financial controlsTrader

s.076 Form of books of account Regulated

Keep proper books of account and protect them from falsificationTrader
Secure digital or alternative accounting records against falsificationTrader

s.079 Duty to prepare revenue accounts Regulated

Prepare annual revenue accounts for your societyTrader

s.080 Accounts and balance sheets to give a true and fair view Prosecution

Fail to ensure accounts give a true and fair viewAny Person

Unlimited fine

s.081 Duty to display latest balance sheet at registered office Regulated

Display your latest balance sheet at your registered officeTrader

s.082 Restrictions on publication of accounts and balance sheets Regulated

Ensure published accounts and balance sheets meet signing and audit requirementsTrader

s.083 Duty to appoint auditors Regulated

Appoint qualified auditors for each year of accountTrader

s.085 Duty to obtain report in certain cases where section 83 is disapplied Regulated

Obtain auditor report when audit requirements are disapplied and turnover exceeds £90,000Trader

s.086 Power to require accounts etc for past years to be audited by qualified auditor Regulated

Appoint qualified auditor and resubmit annual return if directed by FCATrader

s.087 Auditors: content of report and powers Regulated

Cooperate with auditors and keep proper books of accountDirector or Officer
Grant auditors full access to books and informationDirector or Officer

s.089 Annual returns Regulated

File annual return with the FCADirector or Officer
Submit an annual return and accounts to the FCATrader

s.090 Duty to provide copy of annual return on demand Regulated

Provide a copy of your annual return to members on demandTrader

s.094 Resolutions relating to appointment or removal of auditors Regulated

Follow special procedure for auditor appointment/removal resolutionsTrader

s.097 Remuneration of qualified auditors Regulated

Auditors must not charge more than the maximum prescribed ratesAny Person
Pay auditors no more than the rates set by Treasury regulationsTrader

s.098 Group accounts Regulated

Prepare and file audited group accounts for your society and subsidiariesDirector or Officer
Prepare and submit audited group accounts for subsidiariesTrader

13 other sections in this Part — procedural and definitional

s.077 Year of account: societies registered on or after 8 January 2012

s.078 Year of account: societies registered on or before 7 January 2012

s.084 Power of certain societies to disapply section 83

s.088 Persons appointed under section 82 or 85: powers etc

s.091 Meaning of “qualified auditor”

s.092 Persons ineligible for appointment as auditors etc

s.093 Re-appointment and removal of qualified auditors

s.095 Resolutions relating to auditors: auditors' representations

s.096 Section 95: provision of auditor's representations by making available on website

s.099 Section 98: exceptions

s.100 Meaning of company being a “subsidiary” of a society

s.101 Meaning of society being a “subsidiary” of another society

s.102 Interpretation of Part 7

Part 8

Inspection and investigations

3 of 6 sections shown

s.103 Power of members etc to inspect own account and society's register Regulated

Allow members to inspect accounts and registerDirector or Officer
Allow members to inspect their accounts and the society registerTrader

s.106 Appointment of inspectors and calling of special meetings

amended 1 time (opens in a new tab)

s.107 Section 106: examinations and special meetings

amended 1 time (opens in a new tab)

3 other sections in this Part — procedural and definitional

s.104 Power of society to make rules authorising inspection of books

s.105 Power of FCA to appoint accountant or actuary to inspect a society's books

s.108 General restriction on inspection of books

Part 9

Amalgamations, conversions, dissolution etc

12 of 18 sections shown

s.109 Amalgamation of societies

amended 1 time (opens in a new tab)

s.110 Transfer of engagements between societies

amended 1 time (opens in a new tab)

s.111 Special resolutions under section 109 or 110 Regulated

File confirmed special resolution with FCA within 14 daysDirector or Officer

amended 1 time (opens in a new tab)

s.113 Special resolutions under section 112 Regulated

Send a copy of the special resolution to the FCA within 14 days of the second meetingAny Person

amended 1 time (opens in a new tab)

s.115 Conversion of company into a registered society Regulated

Convert company into a registered society by following statutory procedureTrader

amended 2 times (opens in a new tab)

s.116 Conversion of company into a society: member's shareholding in company exceeds maximum permitted amount

amended 1 time (opens in a new tab)

s.118 Power to apply provisions about company arrangements and administration etc

amended 8 times (opens in a new tab)

s.119 Dissolution of society by an instrument of dissolution

amended 1 time (opens in a new tab)

s.121 Instruments of dissolution: notification to FCA etc Regulated

Notify FCA (and PRA) when dissolving your societyDirector or Officer
Submit instrument of dissolution and statutory declaration to the FCADirector or Officer

amended 1 time (opens in a new tab)

s.122 Instruments of dissolution: advertisement, dissolution etc Regulated

Notify FCA (and PRA) of court order setting aside dissolutionAny Person

Other duties (1) — Crown / regulator

FCA must advertise society dissolution in the Gazette and local pressStatutory regulator

amended 1 time (opens in a new tab)

s.123 Dissolution of society on winding up Regulated

Notify FCA of voluntary winding-up resolution within 15 daysTrader

s.126 Dissolution etc to occur only after society's property dealt with Regulated

Transfer all property and lodge certificate before society dissolutionDirector or Officer
Lodge certificate confirming all society property has been dealt with before dissolutionDirector or Officer

amended 1 time (opens in a new tab)

6 other sections in this Part — procedural and definitional

s.112 Conversion of society into a company, amalgamation with a company etc

s.114 Conversion of society into a company: supplementary

s.117 Conversion of company into a society: no effect on liabilities

s.120 Special resolutions under section 119

s.124 Liability of existing and former members in winding up

s.125 Dissolution following administration

Part 10

Offences

5 of 7 sections shown

s.127 General offences Prosecution

Fail to comply with statutory duties of a registered societyDirector or Officer

Fine up to £1,000 · amended 1 time (opens in a new tab)

s.128 Offences by societies to be also offences by officers etc Prosecution

Personal liability of officers for society offencesDirector or Officer

Unlimited fine

s.129 Continuing offences Prosecution

Continue to breach a co‑operative society offenceAny Person

Unlimited fine

s.130 Misappropriation of a society's property etc Imprisonment

Misappropriate a society’s propertyAny Person

s.131 Falsification of a society's records etc Prosecution

Falsify a society's records or documentsAny Person

Fine up to £1,000

2 other sections in this Part — procedural and definitional

s.132 Prosecution of offences: persons who may bring proceedings and time for bringing them

s.133 Prosecution of societies: service of summons etc

Part 11

Miscellaneous and general

5 of 16 sections shown

s.141 Recovery of costs and expenses

amended 1 time (opens in a new tab)

s.142 Northern Ireland societies to be treated as registered societies

amended 5 times (opens in a new tab)

s.147 Regulations and orders

amended 1 time (opens in a new tab)

s.148 Meaning of “electronic form”, “by electronic means” etc

amended 1 time (opens in a new tab)

s.149 Interpretation of Act

amended 2 times (opens in a new tab)

11 other sections in this Part — procedural and definitional

s.134 Power to amend this Act to assimilate to company law

s.135 Power to apply company law provisions on investigations, names and dissolution etc

s.136 Section 135: power to make consequential amendments

s.137 Determination of disputes in accordance with a society's rules

s.138 Determination of disputes under section 137: application to the court

s.139 Determination of disputes otherwise than under a society's rules

s.140 Determination of disputes: supplementary

s.143 Form of documents etc

s.144 Form etc of electronic documents sent to FCA or PRA

s.145 Fees for inspection and copying of documents

s.146 Certain documents to be received in evidence

Part 12

Final provisions

0 of 6 sections shown

6 other sections in this Part — procedural and definitional

s.150 Pre-commencement societies

s.151 Amendments, repeals etc

s.152 Channel Islands

s.153 Extent

s.154 Commencement

s.155 Short title

Schedules

0 of 218 shown

218 other schedules

s.001 Forms of bond for officers of society

s.002 Form of receipt on mortgage, heritable security etc

s.004 Consequential amendments

s.005 Transitionals and savings

s.007 Repeals and revocations

s.sch003 Provision for certain pre-commencement societies

s.sch003 In this Schedule— “the 1893 Act” means the Industrial and...

s.sch003 Section 37(4) applies in relation to a nomination made before...

s.sch003 Section 50(3) does not apply to decisions made before 20...

s.sch003 Section 59 does not apply in relation to an instrument...

s.sch003 Section 104 does not apply to rules made before 12...

s.sch003 Section 108 has effect despite any rule made by the...

s.sch003 (1) The FCA or PRA (“the authority”) may present a...

s.sch003 (1) Condition D of section 5 (cancellation of registration) does...

s.sch003 In the case of a society which was a registered...

s.sch003 Section 15(2) (amendments of rules increasing members' financial contributions do...

s.sch003 Any rule which, immediately before the coming into force of...

s.sch003 (1) This paragraph applies to a resolution of a society's...

s.sch003 (1) This paragraph applies to a registered society that was...

s.sch003 (1) This paragraph applies to a resolution of a society's...

s.sch003 (1) Despite anything contained in its rules, a registered society's...

s.sch004 The Credit Unions Act 1979 is amended as follows.

s.sch004 (1) Section 20 (cancellation or suspension of registration etc) is...

s.sch004 (1) Section 461(4)(g) (permitted disclosure of information obtained under compulsory...

s.sch004 In section 1099(3)(e) (registrar's index of company names etc) for...

s.sch004 (1) In Part 2 of Schedule 2 (permitted disclosure for...

s.sch004 (1) In Part 2 of Schedule 11A (permitted disclosure for...

s.sch004 The Income Tax Act 2007 is amended as follows.

s.sch004 (1) Section 151(1) (interpretation of Chapter 6 of Part 4)...

s.sch004 Schedule 4 para.106

s.sch004 In section 309A(9) (excluded activities: subsidised generation or export of...

s.sch004 In section 853(2)(b)(iii) (meaning of “deposit-taker”) for “the Industrial and...

s.sch004 In section 874(5)(a) (duty to deduct from certain payments of...

s.sch004 (1) Section 21 (amalgamations and transfers of engagements) is amended...

s.sch004 (1) Section 887 (industrial and provident society payments) is amended...

s.sch004 In section 991(3)(c) (meaning of “bank”) for “the Industrial and...

s.sch004 (1) Schedule 4 (index of defined expressions) is amended as...

s.sch004 The Building Societies (Funding) and Mutual Societies (Transfers) Act 2007...

s.sch004 (1) Section 3 (transfers to subsidiaries of other mutuals) is...

s.sch004 In section 4(5) (transfers to subsidiaries: distribution of funds) for...

s.sch004 (1) Section 27(12) of the Serious Crime Act 2007 (powers...

s.sch004 Section 49 of the Bankruptcy and Diligence etc. (Scotland) Act...

s.sch004 (1) Subsection (1) is amended as follows.

s.sch004 In subsection (2), for “4” substitute “ 63 ”.

s.sch004 In section 22 (no conversion of credit union into company...

s.sch004 (1) Subsection (3) is amended as follows.

s.sch004 The Housing and Regeneration Act 2008 is amended as follows....

s.sch004 For “an industrial and provident society” (in each place) substitute...

s.sch004 For “industrial and provident society” (in each place except in...

s.sch004 In section 79(1)(b) (English bodies) for “the Industrial and Provident...

s.sch004 (1) Section 134 (non-audited industrial and provident society) is amended...

s.sch004 (1) Section 157 (extra powers of manager of industrial and...

s.sch004 In section 161(2) (company: conversion into industrial and provident society)...

s.sch004 In section 163 (industrial and provident society: restructuring) for subsection...

s.sch004 In section 164(3) (industrial and provident society: winding up) for...

s.sch004 (1) Section 23 (conversion of company into credit union) is...

s.sch004 (1) Section 165 (industrial and provident society: dissolution) is amended...

s.sch004 (1) Section 167 (transfer of property) is amended as follows....

s.sch004 In section 212(6) (industrial and provident societies: change of rules)...

s.sch004 In section 255(4) (amalgamation) for “section 50 of the Industrial...

s.sch004 In section 270 (meaning of “officer”) for “section 74 of...

s.sch004 In section 271(4) (meaning of “subsidiary” and “associate”) for “the...

s.sch004 In section 275 (general)— (a) omit the definition of “industrial...

s.sch004 In section 276 (index of defined terms)—

s.sch004 In section 102C(6)(b) of the Local Transport Act 2008 (boundaries...

s.sch004 (1) In Schedule 7 to the Counter Terrorism Act 2008...

s.sch004 In section 26 (prohibition on subsidiaries) for the words from...

s.sch004 The Corporation Tax Act 2009 is amended as follows.

s.sch004 For “registered industrial and provident society” (in each place where...

s.sch004 For “the Industrial and Provident Societies Act 1965” (in each...

s.sch004 For “industrial and provident societies” (in each place where those...

s.sch004 In section 465(3)(d) (exclusion of distributions except in tax avoidance...

s.sch004 In section 499 (industrial and provident society payments treated as...

s.sch004 In Schedule 4 (index of defined expressions)—

s.sch004 In section 124(2) of the Finance Act 2009 (mutual societies:...

s.sch004 The Local Democracy, Economic Development and Construction Act 2009 is...

s.sch004 For “an industrial and provident society” (in each place) substitute...

s.sch004 (1) Section 28 (provisions as to offences) is amended as...

s.sch004 In section 40(4) (exclusions) for the words from “subsection (1)”...

s.sch004 In section 43(6)(c) (right of entity to appoint auditor to...

s.sch004 (1) Section 44(4) (functions of auditor not appointed to conduct...

s.sch004 (1) Section 54(1) (interpretation) is amended as follows.

s.sch004 In section 113B(6) (boundaries of power under section 113A)—

s.sch004 The Corporation Tax Act 2010 is amended as follows.

s.sch004 For “registered industrial and provident society” (in each place where...

s.sch004 In section 47 (registered industrial and provident societies) for the...

s.sch004 (1) Section 90(1) (interpretation of Chapter 5 of Part 4)...

s.sch004 In section 151(2) (meaning of 75% subsidiary) for “registered industrial...

s.sch004 (1) Section 31 (interpretation etc) is amended as follows.

s.sch004 In section 645(3) (tests to be satisfied by the association)...

s.sch004 In section 653(3)(a) (approval of self-build societies) for “the Industrial...

s.sch004 In section 654(1) (delegation of powers to Regulator of Social...

s.sch004 In the table in section 1001 (provisions related to paragraphs...

s.sch004 In section 1029(1) (overview of Chapter 3 of Part 23)—...

s.sch004 In the heading before section 1055 for “Industrial and provident...

s.sch004 In section 1055 (industrial and provident societies: interest and share...

s.sch004 In section 1056(1)(b) (dividend or bonus relating to transactions) for...

s.sch004 (1) Section 1119 (definitions) is amended as follows.

s.sch004 In section 1120(3)(c) (meaning of “bank”) for “the Industrial and...

s.sch004 (1) Section 32 (Northern Ireland) is amended as follows.

s.sch004 In Schedule 4 (index of defined expressions)—

s.sch004 (1) Section 118 of the Taxation (International and Other Provisions)...

s.sch004 In Part 3 of Schedule 1 to the Finance Act...

s.sch004 In Part 8 of Schedule 19 to the Finance Act...

s.sch004 The Localism Act 2011 is amended as follows.

s.sch004 In section 4(4)(b) (limits on doing things for commercial purpose...

s.sch004 In section 190(3) (transfer of property of Homes and Communities...

s.sch004 In section 191(5) (abolition of London Development Agency and transfer...

s.sch004 In section 200(9) (transfers of property etc to a Mayoral...

s.sch004 In section 216(4) (transfers of property, rights and liabilities) in...

s.sch004 (1) Schedule 1 (rules) is amended as follows.

s.sch004 (1) Section 36(1) of the Public Bodies Act 2011 (interpretation)...

s.sch004 The Charities Act 2011 is amended as follows.

s.sch004 (1) Section 229 (application for conversion by registered society) is...

s.sch004 (1) Schedule 3 (exempt charities) is amended as follows.

s.sch004 (1) Section 3 of the Forged Transfers Act 1891 (application...

s.sch004 (1) Section 1 (registration) is amended as follows.

s.sch004 In section 3 of the Libraries Offences Act 1898 (application...

s.sch004 In section 1(4) of the Stock Transfer Act 1963 (simplified...

s.sch004 In section 10B(6)(b) of the Transport Act 1968 (boundaries of...

s.sch004 In section 16 of the National Savings Bank Act 1971...

s.sch004 (1) Schedule 12A to the Local Government Act 1972 (access...

s.sch004 The Friendly Societies Act 1974 is amended as follows.

s.sch004 In section 40 (remuneration of qualified auditors), in subsections (1)...

s.sch004 In section 82(9) (amalgamation and transfer of engagements) for the...

s.sch004 In section 84A (conversion of registered societies into industrial and...

s.sch004 In section 109(1) (regulations) for “Industrial and Provident Societies Act...

s.sch004 (1) Section 2 (supplementary provisions as to registration) is amended...

s.sch004 (1) Schedule 6A (conversion of registered societies into industrial and...

s.sch004 In section 2(1)(a) of the Industrial Common Ownership Act 1976...

s.sch004 The Housing Act 1985 is amended as follows.

s.sch004 In section 5(2) (housing associations: “fully mutual”) for “society registered...

s.sch004 In section 6A (the Corporation) for “society registered under the...

s.sch004 In section 27AB (management agreements with tenant management organisations), in...

s.sch004 In section 1(2) of the Housing Association Act 1985 (housing...

s.sch004 In section 24(5) of the Finance Act 1986 (approved profit...

s.sch004 (1) Section 22E of the Company Directors Disqualification Act 1986...

s.sch004 In section 300(1)(b) of the Housing (Scotland) Act 1987 (“co-operative...

s.sch004 (1) Section 3 (use of name “credit union” etc) is...

s.sch004 In section 187(10) of the Income and Corporation Taxes Act...

s.sch004 The Local Government and Housing Act 1989 is amended as...

s.sch004 In section 67(1) (application of, and orders under, Part 5)—...

s.sch004 In section 69(8) (companies subject to local authority influence) for...

s.sch004 In section 9(2)(d)(i) of the Opticians Act 1989 (list of...

s.sch004 In section 8(1)(m) of the Enterprise and New Towns (Scotland)...

s.sch004 The Taxation of Chargeable Gains Act 1992 is amended as...

s.sch004 (1) Section 140E (merger leaving assets within UK tax charge)...

s.sch004 In section 140F(1)(b) (merger: assets outside UK tax charge) for...

s.sch004 In section 140G(1)(b) (treatment of securities issued on merger) for...

s.sch004 (1) Section 4 (rules) is amended as follows.

s.sch004 (1) Section 170 (interpretation of sections 171 to 181) is...

s.sch004 In the heading before section 217D for “Industrial and provident...

s.sch004 In section 217D(3) (disposal of assets on union, amalgamation or...

s.sch004 In Schedule 7AC (exemptions for disposals by companies with substantial...

s.sch004 In section 10(3)(b) of the Trade Union and Labour Relations...

s.sch004 The Housing Act 1996 is amended as follows.

s.sch004 For “an industrial and provident society” (in each place except...

s.sch004 In section 1A (Welsh bodies) for paragraph (b) (not including...

s.sch004 In section 2(1)(b) (eligibility for registration) for the words from...

s.sch004 (1) Section 48(2) (powers of the manager: transfer of engagements)...

s.sch004 (1) Section 6 (minimum number of members) is amended as...

s.sch004 In section 57 (definitions relating to industrial and provident societies)...

s.sch004 In section 59(1)(b) (meaning of “officer” of registered social landlord)...

s.sch004 In section 60(1)(c) (meaning of “subsidiary”) for “the Friendly and...

s.sch004 In section 61(2) (meaning of “associate”) for “the Friendly and...

s.sch004 (1) Section 64 (index of defined expressions: Part 1) is...

s.sch004 (1) Schedule 1 (regulation of registered social landlords) is amended...

s.sch004 In Part 2 of Schedule 5 to the Scotland Act...

s.sch004 In section 34A(4) of the Greater London Authority Act 1999...

s.sch004 The Financial Services and Markets Act 2000 is amended as...

s.sch004 In section 138K(5)(c) (consultation: mutual societies) for “the Industrial and...

s.sch004 In section 7(3) (shares) for “section 24(1) of the 1965...

s.sch004 In section 355(1) (interpretation of Part 24) in the definition...

s.sch004 Section 417(1) (definitions) is amended as follows.

s.sch004 In Part 2 of Schedule 11A (transferable securities) in paragraph...

s.sch004 (1) Paragraph 2(1)(a) of Schedule 3A to the Terrorism Act...

s.sch004 The Political Parties, Elections and Referendums Act 2000 is amended...

s.sch004 In section 26(8)(b) (financial structure of registered party: adoption of...

s.sch004 In section 54(2)(g) (permissible donors) for the words from “or...

s.sch004 In Schedule 6 (details to be given in donation reports)...

s.sch004 In Schedule 6A (details to be given in transaction reports)...

s.sch004 (1) Section 83 of the Housing (Scotland) Act 2001 (interpretation...

s.sch004 (1) Section 7A (power to issue interest-bearing shares) is amended...

s.sch004 In section 91 of the Land Registration Act 2002 (electronic...

s.sch004 (1) Paragraph 2(1)(a) of Schedule 9 to the Proceeds of...

s.sch004 (1) In Part 4 of Schedule 2 to the Income...

s.sch004 The Licensing Act 2003 is amended as follows.

s.sch004 In section 64(2) (additional conditions for supply of alcohol) for...

s.sch004 (1) Section 65 (industrial and provident societies, friendly societies etc)...

s.sch004 In section 5B(3)(b) of the Fire and Rescue Services Act...

s.sch004 The Companies (Audit, Investigations and Community Enterprise) Act 2004 is...

s.sch004 (1) Section 15D(4)(g) (permitted disclosure of information obtained under compulsory...

s.sch004 In section 53(b) (ceasing to be a community interest company)...

s.sch004 (1) Section 18 (power to appoint inspector and call meeting)...

s.sch004 (1) Section 56 (becoming an industrial and provident society) is...

s.sch004 (1) In Schedule 14 to the Housing Act 2004 (buildings...

s.sch004 The Income Tax (Trading and Other Income) Act 2005 is...

s.sch004 In sections 367(3) and 369(2) for “industrial and provident society...

s.sch004 (1) Section 379 (industrial and provident society payments) is amended...

s.sch004 In section 483(3) (exclusion of credit union group life policies)...

s.sch004 The Charities and Trustee Investment (Scotland) Act 2005 is amended...

s.sch004 (1) Section 56 (conversion of charity which is a company...

s.sch004 In section 58(3)(b) (conversion: supplementary) for “Industrial and Provident Societies...

s.sch004 The Companies Act 2006 is amended as follows.

s.sch005 The repeal and re-enactment of provisions by this Act does...

s.sch005 In this Schedule “enactment” includes— (a) an enactment contained in...

s.sch005 (1) This paragraph applies to a reference (express or implied)...

s.sch005 (1) Sub-paragraph (2) applies to a reference (express or implied)...

s.sch005 Any power conferred by an Act that is exercisable in...

s.sch005 Anything done, or having effect as if done, under (or...

s.sch005 (1) Paragraphs 1 to 5 have effect in place of...

s.sch005 The repeals made by this Act do not affect the...

s.sch005 (1) The repeal by this Act of an enactment previously...

s.sch005 Any reference to an enactment repealed by this Act which...

s.sch006 Transitory modifications etc

s.sch006 (1) This paragraph applies if section 17(1) of the Crime...

s.sch006 In relation to an offence committed before the commencement of...

s.sch006 Until paragraph 15 of Schedule 5 to the Land Registration...

Help complying

Guvnor’s practical routes through this instrument.

Set up a community interest company (CIC)

Form a CIC for social enterprise purposes with asset lock protection, dividend caps, and ongoing compliance requirements

1 more guide that reference this instrument

Social enterprise structures

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.

CCBSA 2014

Does it bind you?

Other Acts binding the same actors

What it requires

Registration

Name, rules, powers etc

Members and officers

A society's capacity and related matters

Charges over a society's assets

Banking and lending by societies

Accounts, audit and annual returns

Inspection and investigations

Amalgamations, conversions, dissolution etc

Offences

Miscellaneous and general

Final provisions

Schedules

Help complying

Set up a community interest company (CIC)