Set up a community interest company (CIC)
- 1 step
UK Act of Parliament
2014
United Kingdom
Co-operative and Community Benefit Societies Act 2014
At a glance
Enforced by
What's here
67 compliance obligations, 1 practical guide · 1 journey
Penalty landscape
5 of 67 obligations carry a fine up to £1,000. 7 carry different penalties and 55 have no criminal penalty — flagged in the list below.
Who this Act binds
Business-side actors with duties under this Act, ranked by how often they appear.
- Director or Officer 21
- Any Person 14
- Trader 12
- Employee 1
Plus 4 non-business duties on Crown ministers, regulators, local authorities or tribunals — shown collapsed under each section below.
Step-by-step journeys using this legislation
Walkthroughs that take you from a real business situation to compliance.
Relevant guidance
Practical guides for businesses affected by this Act, ordered by how closely they engage with it.
Supporting — topic alignment
1 guidesOther Acts binding the same actors
For each actor bound by this Act, the other UK Acts that bind them most often. Useful for understanding the full compliance landscape facing each role.
Directors and Officers also bound by 221 other Acts (top 5 shown)
- Insolvency (England and Wales) Rules 2016 2016 73 duties
- Companies Act 2006 2006 57 duties
- Insolvency Act 1986 1986 44 duties
- Economic Crime and Corporate Transparency Act 2023 2023 18 duties
- CAICEA 2004 2004 16 duties
Any Person also bound by 742 other Acts (top 5 shown)
- Human Medicines Regulations 2012 2012 101 duties
- Road Traffic Act 1988 1988 95 duties
- Air Navigation Order 2016 2016 83 duties
- Merchant Shipping Act 1995 1995 82 duties
- Road Traffic (NI) Order 1995 1995 61 duties
Traders also bound by 218 other Acts (top 5 shown)
- Value Added Tax Regulations 1995 1995 397 duties
- Companies Act 2006 2006 37 duties
- TULRCA 1992 1992 36 duties
- The Customs (Import Duty) (EU Exit) Regulations 2018 2018 33 duties
- Consumer Credit Act 1974 1974 31 duties
Employees also bound by 52 other Acts (top 5 shown)
- Employment Rights (Northern Ireland) Order 1996 (current NI employment law) 1996 13 duties
- Shared Parental Leave Regulations 2014 2014 10 duties
- The Income Tax (Pay As You Earn) Regulations 2003 2003 10 duties
- Paternity and Adoption Leave Regulations 2002 2002 9 duties
- Regulatory Reform (Fire Safety) Order 2005 (England/Wales comparison) 2005 4 duties
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Part 1 — Registration
Cancellation of registration: additional procedure in cases involving condition D
- Fail to comply with FCA winding‑up direction Any Person
Suspension of registration
Other duties (1) — Crown / regulator
- FCA must provide notice and publish details of registration suspension Statutory regulator
Appeal against refusal to register or cancellation or suspension of registration
- Appeal to court against FCA refusal, cancellation or suspension Director or Officer
Other duties (1) — Crown / regulator
- Courts must determine appeals against FCA registration decisions Tribunal / Court
Browse 6 other sections in this Part — procedural / definitional / commencement
Part 2 — Name, rules, powers etc
A society's name
- Ensure your society's name ends with 'limited' or 'cyfyngedig' and is not undesirable
Registered name to be displayed and used
Fine up to £1,000- Fail to display registered name on documents or website Director or Officer
Charitable status to appear on documents etc
Fine up to £1,000- Fail to display charitable status on required documents Director or Officer
Content of a society's rules
- Include required information in your society's rulebook Trader
- Include required matters in your society’s rules Director or Officer
Appeal against refusal to register amendment of rules
- Appeal FCA refusal to register rule changes Any Person
Other duties (1) — Crown / regulator
- FCA must register rule amendments if an appeal is successful Statutory regulator
Duty to provide copy of rules on demand
- Provide a copy of your registered rules on request
Provision of rules with intent to mislead or defraud
Fine up to £200- Give false or misleading society rules Any Person
Creation of offences by a society's rules
- Breach of society rules Any Person
Browse 12 other sections in this Part — procedural / definitional / commencement
Change of name
Rules to bind members
Amendment of rules
Rules as to fund for purchase of government securities
Rules of agricultural, horticultural or forestry society may provide for loans without security
Supplementary provisions as to rules
Maximum interest in a society's withdrawable shares
Power to amend limit in section 24
Power to hold land etc
Power to invest
Proxy voting by societies
Power to restrict use of assets of a community benefit society
Part 3 — Members and officers
Register of members and officers
- Maintain a member and officer register at your society’s registered office Director or Officer
- Maintain a register of members and officers Trader
Nomination by member of entitlement to property in society on member's death
- Keep a record of member death nominations
Section 37: procedure on death
- Manage the transfer of property or shares following a member's death Director or Officer
- Transfer or pay nominated assets on a member’s death Director or Officer
Security to be given by certain officers
- Provide security if you handle society money and rules require it Trader
- Provide a bond or guarantee before handling society funds Director or Officer
Duty of certain officers and employees to account
- Account for money and property held on behalf of the society Employee
- Provide accounts and hand over money or property on demand Any Person
Browse 8 other sections in this Part — procedural / definitional / commencement
Members under 18
Bodies corporate may be members
Society a member of another society: references to members making and signing documents etc
Advances to members
Remedies for members' debts
Payments in respect of persons lacking capacity
Section 37: variation and revocation of nominations
Death of member: distribution of property not exceeding £5,000
Part 4 — A society's capacity and related matters
Special resolutions under section 43
- Send special resolutions to the FCA for registration
No duty to enquire as to capacity of society or authority of committee
- You are not required to check a society's internal rules or authority Trader
Common seal
Fine up to £1,000- Use a common seal without the society’s name engraved Director or Officer
Browse 13 other sections in this Part — procedural / definitional / commencement
Capacity of a society and relationship with its rules
Power of committee to bind society
Application of sections 43 and 45 to charitable societies
Transactions with committee members etc in excess of powers
Section 48: definitions
Power of society to have official seal for use abroad
Authorisation of use of official seal
Methods for execution of documents: England and Wales
Method for execution of contracts under seal: England and Wales
Execution of documents: Scotland
Execution of documents: presumption of validity of officer's signature
Contracts, deeds and obligations made before registration of society
Bills of exchange and promissory notes
Part 5 — Charges over a society's assets
Duty to account etc of receiver or manager of a society's property
- Notify the FCA of receiver appointments and submit financial returns Director or Officer
- Report to FCA (and PRA) as receiver or manager of a society’s property Any Person
Browse 7 other sections in this Part — procedural / definitional / commencement
Charges on assets of English and Welsh societies
Section 59: power to extend time for making application or to rectify errors
Notification of transactions relating to charges recorded under section 59
Floating charges created by Scottish societies
Filing of information relating to charges created by virtue of section 62
Notification of charges etc: Scotland
English and Welsh societies: restriction on appointment of administrative receiver
Part 6 — Banking and lending by societies
Registered society with withdrawable share capital not to carry on banking etc
- Carry on banking when you have withdrawable share capital Any Person
Society carrying on banking must display statement
Fine up to £200- Fail to display required banking statement Any Person
Browse 6 other sections in this Part — procedural / definitional / commencement
Power to amend figures in section 67(2)
Section 69: form of statement
Discharge of mortgages of property in England and Wales
Discharge of securities: land in Scotland
Discharge of securities: other property in Scotland
Receipt on payment of moneys secured to a society
Part 7 — Accounts, audit and annual returns
Duty to keep books of account etc
- Maintain proper accounting records and internal controls Trader
- Keep proper books of account and financial controls Trader
Form of books of account
- Keep proper books of account and protect them from falsification Trader
- Secure digital or alternative accounting records against falsification Trader
Duty to prepare revenue accounts
- Prepare annual revenue accounts for your society
Accounts and balance sheets to give a true and fair view
Unlimited fine- Fail to ensure accounts give a true and fair view Any Person
Duty to display latest balance sheet at registered office
- Display your latest balance sheet at your registered office
Restrictions on publication of accounts and balance sheets
- Ensure published accounts and balance sheets meet signing and audit requirements
Duty to appoint auditors
- Appoint qualified auditors for each year of account
Duty to obtain report in certain cases where section 83 is disapplied
- Obtain auditor report when audit requirements are disapplied and turnover exceeds £90,000
Power to require accounts etc for past years to be audited by qualified auditor
- Appoint qualified auditor and resubmit annual return if directed by FCA
Auditors: content of report and powers
- Cooperate with auditors and keep proper books of account Director or Officer
- Grant auditors full access to books and information Director or Officer
Annual returns
- File annual return with the FCA Director or Officer
- Submit an annual return and accounts to the FCA Trader
Duty to provide copy of annual return on demand
- Provide a copy of your annual return to members on demand
Resolutions relating to appointment or removal of auditors
- Follow special procedure for auditor appointment/removal resolutions
Remuneration of qualified auditors
- Auditors must not charge more than the maximum prescribed rates Any Person
- Pay auditors no more than the rates set by Treasury regulations Trader
Group accounts
- Prepare and file audited group accounts for your society and subsidiaries Director or Officer
- Prepare and submit audited group accounts for subsidiaries Trader
Browse 13 other sections in this Part — procedural / definitional / commencement
Year of account: societies registered on or after 8 January 2012
Year of account: societies registered on or before 7 January 2012
Power of certain societies to disapply section 83
Persons appointed under section 82 or 85: powers etc
Meaning of “qualified auditor”
Persons ineligible for appointment as auditors etc
Re-appointment and removal of qualified auditors
Resolutions relating to auditors: auditors' representations
Section 95: provision of auditor's representations by making available on website
Section 98: exceptions
Meaning of company being a “subsidiary” of a society
Meaning of society being a “subsidiary” of another society
Interpretation of Part 7
Part 8 — Inspection and investigations
Power of members etc to inspect own account and society's register
- Allow members to inspect accounts and register Director or Officer
- Allow members to inspect their accounts and the society register Trader
Appointment of inspectors and calling of special meetings
Amended 1 timeSection 106: examinations and special meetings
Amended 1 timeBrowse 3 other sections in this Part — procedural / definitional / commencement
Part 9 — Amalgamations, conversions, dissolution etc
Amalgamation of societies
Amended 1 timeTransfer of engagements between societies
Amended 1 timeSpecial resolutions under section 109 or 110
Amended 1 time- File confirmed special resolution with FCA within 14 days
Special resolutions under section 112
Amended 1 timeConversion of company into a registered society
Amended 2 times- Convert company into a registered society by following statutory procedure
Conversion of company into a society: member's shareholding in company exceeds maximum permitted amount
Amended 1 timePower to apply provisions about company arrangements and administration etc
Amended 8 timesDissolution of society by an instrument of dissolution
Amended 1 timeInstruments of dissolution: notification to FCA etc
Amended 1 time- Notify FCA (and PRA) when dissolving your society Director or Officer
- Submit instrument of dissolution and statutory declaration to the FCA Director or Officer
Instruments of dissolution: advertisement, dissolution etc
Amended 1 time- Notify FCA (and PRA) of court order setting aside dissolution Any Person
Other duties (1) — Crown / regulator
- FCA must advertise society dissolution in the Gazette and local press Statutory regulator
Dissolution of society on winding up
- Notify FCA of voluntary winding-up resolution within 15 days
Dissolution etc to occur only after society's property dealt with
Amended 1 time- Transfer all property and lodge certificate before society dissolution Director or Officer
- Lodge certificate confirming all society property has been dealt with before dissolution Director or Officer
Browse 6 other sections in this Part — procedural / definitional / commencement
Conversion of society into a company, amalgamation with a company etc
Conversion of society into a company: supplementary
Conversion of company into a society: no effect on liabilities
Special resolutions under section 119
Liability of existing and former members in winding up
Dissolution following administration
Part 10 — Offences
General offences
Fine up to £1,000 Amended 1 time- Fail to comply with statutory duties of a registered society Director or Officer
Offences by societies to be also offences by officers etc
Unlimited fine- Personal liability of officers for society offences Director or Officer
Continuing offences
Unlimited fine- Continue to breach a co‑operative society offence Any Person
Misappropriation of a society's property etc
3 months imprisonment- Misappropriate a society’s property Any Person
Falsification of a society's records etc
Fine up to £1,000- Falsify a society's records or documents Any Person
Browse 2 other sections in this Part — procedural / definitional / commencement
Part 11 — Miscellaneous and general
Recovery of costs and expenses
Amended 1 timeNorthern Ireland societies to be treated as registered societies
Amended 5 timesRegulations and orders
Amended 1 timeMeaning of “electronic form”, “by electronic means” etc
Amended 1 timeInterpretation of Act
Amended 2 timesBrowse 11 other sections in this Part — procedural / definitional / commencement
Power to amend this Act to assimilate to company law
Power to apply company law provisions on investigations, names and dissolution etc
Section 135: power to make consequential amendments
Determination of disputes in accordance with a society's rules
Determination of disputes under section 137: application to the court
Determination of disputes otherwise than under a society's rules
Determination of disputes: supplementary
Form of documents etc
Form etc of electronic documents sent to FCA or PRA
Fees for inspection and copying of documents
Certain documents to be received in evidence
Part 12 — Final provisions
Browse 6 other sections in this Part — procedural / definitional / commencement
Pre-commencement societies
Amendments, repeals etc
Channel Islands
Extent
Commencement
Short title
Schedules
Browse 218 other Schedules — structural / supplementary
Forms of bond for officers of society
Form of receipt on mortgage, heritable security etc
Consequential amendments
Transitionals and savings
Repeals and revocations
Provision for certain pre-commencement societies
In this Schedule— “the 1893 Act” means the Industrial and...
Section 37(4) applies in relation to a nomination made before...
Section 50(3) does not apply to decisions made before 20...
Section 59 does not apply in relation to an instrument...
Section 104 does not apply to rules made before 12...
Section 108 has effect despite any rule made by the...
(1) The FCA or PRA (“the authority”) may present a...
(1) Condition D of section 5 (cancellation of registration) does...
In the case of a society which was a registered...
Section 15(2) (amendments of rules increasing members' financial contributions do...
Any rule which, immediately before the coming into force of...
(1) This paragraph applies to a resolution of a society's...
(1) This paragraph applies to a registered society that was...
(1) This paragraph applies to a resolution of a society's...
(1) Despite anything contained in its rules, a registered society's...
The Credit Unions Act 1979 is amended as follows.
(1) Section 20 (cancellation or suspension of registration etc) is...
(1) Section 461(4)(g) (permitted disclosure of information obtained under compulsory...
In section 1099(3)(e) (registrar's index of company names etc) for...
(1) In Part 2 of Schedule 2 (permitted disclosure for...
(1) In Part 2 of Schedule 11A (permitted disclosure for...
The Income Tax Act 2007 is amended as follows.
(1) Section 151(1) (interpretation of Chapter 6 of Part 4)...
Schedule 4 para.106
In section 309A(9) (excluded activities: subsidised generation or export of...
In section 853(2)(b)(iii) (meaning of “deposit-taker”) for “the Industrial and...
In section 874(5)(a) (duty to deduct from certain payments of...
(1) Section 21 (amalgamations and transfers of engagements) is amended...
(1) Section 887 (industrial and provident society payments) is amended...
In section 991(3)(c) (meaning of “bank”) for “the Industrial and...
(1) Schedule 4 (index of defined expressions) is amended as...
The Building Societies (Funding) and Mutual Societies (Transfers) Act 2007...
(1) Section 3 (transfers to subsidiaries of other mutuals) is...
In section 4(5) (transfers to subsidiaries: distribution of funds) for...
(1) Section 27(12) of the Serious Crime Act 2007 (powers...
Section 49 of the Bankruptcy and Diligence etc. (Scotland) Act...
(1) Subsection (1) is amended as follows.
In subsection (2), for “4” substitute “ 63 ”.
In section 22 (no conversion of credit union into company...
(1) Subsection (3) is amended as follows.
The Housing and Regeneration Act 2008 is amended as follows....
For “an industrial and provident society” (in each place) substitute...
For “industrial and provident society” (in each place except in...
In section 79(1)(b) (English bodies) for “the Industrial and Provident...
(1) Section 134 (non-audited industrial and provident society) is amended...
(1) Section 157 (extra powers of manager of industrial and...
In section 161(2) (company: conversion into industrial and provident society)...
In section 163 (industrial and provident society: restructuring) for subsection...
In section 164(3) (industrial and provident society: winding up) for...
(1) Section 23 (conversion of company into credit union) is...
(1) Section 165 (industrial and provident society: dissolution) is amended...
(1) Section 167 (transfer of property) is amended as follows....
In section 212(6) (industrial and provident societies: change of rules)...
In section 255(4) (amalgamation) for “section 50 of the Industrial...
In section 270 (meaning of “officer”) for “section 74 of...
In section 271(4) (meaning of “subsidiary” and “associate”) for “the...
In section 275 (general)— (a) omit the definition of “industrial...
In section 276 (index of defined terms)—
In section 102C(6)(b) of the Local Transport Act 2008 (boundaries...
(1) In Schedule 7 to the Counter Terrorism Act 2008...
In section 26 (prohibition on subsidiaries) for the words from...
The Corporation Tax Act 2009 is amended as follows.
For “registered industrial and provident society” (in each place where...
For “the Industrial and Provident Societies Act 1965” (in each...
For “industrial and provident societies” (in each place where those...
In section 465(3)(d) (exclusion of distributions except in tax avoidance...
In section 499 (industrial and provident society payments treated as...
In Schedule 4 (index of defined expressions)—
In section 124(2) of the Finance Act 2009 (mutual societies:...
The Local Democracy, Economic Development and Construction Act 2009 is...
For “an industrial and provident society” (in each place) substitute...
(1) Section 28 (provisions as to offences) is amended as...
In section 40(4) (exclusions) for the words from “subsection (1)”...
In section 43(6)(c) (right of entity to appoint auditor to...
(1) Section 44(4) (functions of auditor not appointed to conduct...
(1) Section 54(1) (interpretation) is amended as follows.
In section 113B(6) (boundaries of power under section 113A)—
The Corporation Tax Act 2010 is amended as follows.
For “registered industrial and provident society” (in each place where...
In section 47 (registered industrial and provident societies) for the...
(1) Section 90(1) (interpretation of Chapter 5 of Part 4)...
In section 151(2) (meaning of 75% subsidiary) for “registered industrial...
(1) Section 31 (interpretation etc) is amended as follows.
In section 645(3) (tests to be satisfied by the association)...
In section 653(3)(a) (approval of self-build societies) for “the Industrial...
In section 654(1) (delegation of powers to Regulator of Social...
In the table in section 1001 (provisions related to paragraphs...
In section 1029(1) (overview of Chapter 3 of Part 23)—...
In the heading before section 1055 for “Industrial and provident...
In section 1055 (industrial and provident societies: interest and share...
In section 1056(1)(b) (dividend or bonus relating to transactions) for...
(1) Section 1119 (definitions) is amended as follows.
In section 1120(3)(c) (meaning of “bank”) for “the Industrial and...
(1) Section 32 (Northern Ireland) is amended as follows.
In Schedule 4 (index of defined expressions)—
(1) Section 118 of the Taxation (International and Other Provisions)...
In Part 3 of Schedule 1 to the Finance Act...
In Part 8 of Schedule 19 to the Finance Act...
The Localism Act 2011 is amended as follows.
In section 4(4)(b) (limits on doing things for commercial purpose...
In section 190(3) (transfer of property of Homes and Communities...
In section 191(5) (abolition of London Development Agency and transfer...
In section 200(9) (transfers of property etc to a Mayoral...
In section 216(4) (transfers of property, rights and liabilities) in...
(1) Schedule 1 (rules) is amended as follows.
(1) Section 36(1) of the Public Bodies Act 2011 (interpretation)...
The Charities Act 2011 is amended as follows.
(1) Section 229 (application for conversion by registered society) is...
(1) Schedule 3 (exempt charities) is amended as follows.
(1) Section 3 of the Forged Transfers Act 1891 (application...
(1) Section 1 (registration) is amended as follows.
In section 3 of the Libraries Offences Act 1898 (application...
In section 1(4) of the Stock Transfer Act 1963 (simplified...
In section 10B(6)(b) of the Transport Act 1968 (boundaries of...
In section 16 of the National Savings Bank Act 1971...
(1) Schedule 12A to the Local Government Act 1972 (access...
The Friendly Societies Act 1974 is amended as follows.
In section 40 (remuneration of qualified auditors), in subsections (1)...
In section 82(9) (amalgamation and transfer of engagements) for the...
In section 84A (conversion of registered societies into industrial and...
In section 109(1) (regulations) for “Industrial and Provident Societies Act...
(1) Section 2 (supplementary provisions as to registration) is amended...
(1) Schedule 6A (conversion of registered societies into industrial and...
In section 2(1)(a) of the Industrial Common Ownership Act 1976...
The Housing Act 1985 is amended as follows.
In section 5(2) (housing associations: “fully mutual”) for “society registered...
In section 6A (the Corporation) for “society registered under the...
In section 27AB (management agreements with tenant management organisations), in...
In section 1(2) of the Housing Association Act 1985 (housing...
In section 24(5) of the Finance Act 1986 (approved profit...
(1) Section 22E of the Company Directors Disqualification Act 1986...
In section 300(1)(b) of the Housing (Scotland) Act 1987 (“co-operative...
(1) Section 3 (use of name “credit union” etc) is...
In section 187(10) of the Income and Corporation Taxes Act...
The Local Government and Housing Act 1989 is amended as...
In section 67(1) (application of, and orders under, Part 5)—...
In section 69(8) (companies subject to local authority influence) for...
In section 9(2)(d)(i) of the Opticians Act 1989 (list of...
In section 8(1)(m) of the Enterprise and New Towns (Scotland)...
The Taxation of Chargeable Gains Act 1992 is amended as...
(1) Section 140E (merger leaving assets within UK tax charge)...
In section 140F(1)(b) (merger: assets outside UK tax charge) for...
In section 140G(1)(b) (treatment of securities issued on merger) for...
(1) Section 4 (rules) is amended as follows.
(1) Section 170 (interpretation of sections 171 to 181) is...
In the heading before section 217D for “Industrial and provident...
In section 217D(3) (disposal of assets on union, amalgamation or...
In Schedule 7AC (exemptions for disposals by companies with substantial...
In section 10(3)(b) of the Trade Union and Labour Relations...
The Housing Act 1996 is amended as follows.
For “an industrial and provident society” (in each place except...
In section 1A (Welsh bodies) for paragraph (b) (not including...
In section 2(1)(b) (eligibility for registration) for the words from...
(1) Section 48(2) (powers of the manager: transfer of engagements)...
(1) Section 6 (minimum number of members) is amended as...
In section 57 (definitions relating to industrial and provident societies)...
In section 59(1)(b) (meaning of “officer” of registered social landlord)...
In section 60(1)(c) (meaning of “subsidiary”) for “the Friendly and...
In section 61(2) (meaning of “associate”) for “the Friendly and...
(1) Section 64 (index of defined expressions: Part 1) is...
(1) Schedule 1 (regulation of registered social landlords) is amended...
In Part 2 of Schedule 5 to the Scotland Act...
In section 34A(4) of the Greater London Authority Act 1999...
The Financial Services and Markets Act 2000 is amended as...
In section 138K(5)(c) (consultation: mutual societies) for “the Industrial and...
In section 7(3) (shares) for “section 24(1) of the 1965...
In section 355(1) (interpretation of Part 24) in the definition...
Section 417(1) (definitions) is amended as follows.
In Part 2 of Schedule 11A (transferable securities) in paragraph...
(1) Paragraph 2(1)(a) of Schedule 3A to the Terrorism Act...
The Political Parties, Elections and Referendums Act 2000 is amended...
In section 26(8)(b) (financial structure of registered party: adoption of...
In section 54(2)(g) (permissible donors) for the words from “or...
In Schedule 6 (details to be given in donation reports)...
In Schedule 6A (details to be given in transaction reports)...
(1) Section 83 of the Housing (Scotland) Act 2001 (interpretation...
(1) Section 7A (power to issue interest-bearing shares) is amended...
In section 91 of the Land Registration Act 2002 (electronic...
(1) Paragraph 2(1)(a) of Schedule 9 to the Proceeds of...
(1) In Part 4 of Schedule 2 to the Income...
The Licensing Act 2003 is amended as follows.
In section 64(2) (additional conditions for supply of alcohol) for...
(1) Section 65 (industrial and provident societies, friendly societies etc)...
In section 5B(3)(b) of the Fire and Rescue Services Act...
The Companies (Audit, Investigations and Community Enterprise) Act 2004 is...
(1) Section 15D(4)(g) (permitted disclosure of information obtained under compulsory...
In section 53(b) (ceasing to be a community interest company)...
(1) Section 18 (power to appoint inspector and call meeting)...
(1) Section 56 (becoming an industrial and provident society) is...
(1) In Schedule 14 to the Housing Act 2004 (buildings...
The Income Tax (Trading and Other Income) Act 2005 is...
In sections 367(3) and 369(2) for “industrial and provident society...
(1) Section 379 (industrial and provident society payments) is amended...
In section 483(3) (exclusion of credit union group life policies)...
The Charities and Trustee Investment (Scotland) Act 2005 is amended...
(1) Section 56 (conversion of charity which is a company...
In section 58(3)(b) (conversion: supplementary) for “Industrial and Provident Societies...
The Companies Act 2006 is amended as follows.
The repeal and re-enactment of provisions by this Act does...
In this Schedule “enactment” includes— (a) an enactment contained in...
(1) This paragraph applies to a reference (express or implied)...
(1) Sub-paragraph (2) applies to a reference (express or implied)...
Any power conferred by an Act that is exercisable in...
Anything done, or having effect as if done, under (or...
(1) Paragraphs 1 to 5 have effect in place of...
The repeals made by this Act do not affect the...
(1) The repeal by this Act of an enactment previously...
Any reference to an enactment repealed by this Act which...
Transitory modifications etc
(1) This paragraph applies if section 17(1) of the Crime...
In relation to an offence committed before the commencement of...
Until paragraph 15 of Schedule 5 to the Land Registration...
Official guidance
Authoritative sources published by regulators or government explaining this legislation.
- Resources for your society | FCA (opens in a new tab) from FCA Detailed Guidance
- Changes to audit requirements for registered societies | FCA (opens in a new tab) from FCA Detailed Guidance
- The FCA and mutual societies | FCA (opens in a new tab) from FCA Detailed Guidance
- Mutual societies: forms | FCA (opens in a new tab) from FCA Form or Template
- Your society's name | FCA (opens in a new tab) from FCA Detailed Guidance
- Auditing requirements for co-operative and community benefit societies | FCA (opens in a new tab) from FCA Detailed Guidance
- Managing your society | FCA (opens in a new tab) from FCA Detailed Guidance
- Changes to credit union legislation in Great Britain | FCA (opens in a new tab) from FCA Detailed Guidance
- Registered mutual society rules and obligations | FCA (opens in a new tab) from FCA Detailed Guidance
- Prosecutions and cancellations | FCA (opens in a new tab) from FCA Detailed Guidance
- ... and 2 more
Enforcement and responsible bodies
The regulators that administer or enforce this legislation.
FCA
PrimaryFinancial Conduct Authority
Regulation of financial services firms and markets. Supervises banks, insurers, investment firms, payment services, and cryptoasset businesses. Issues authorisations and enforces conduct …
Office of the Regulator of Community Interest Companies
Regulates Community Interest Companies, a special type of limited company for social enterprises that use profits for community benefit. Approves CIC registration …
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