{
  "url": "https://openlegislation.uk/assets-of-community-value-england-regulations-2012/regulation-5",
  "json_url": "https://openlegislation.uk/assets-of-community-value-england-regulations-2012/regulation-5.json",
  "legislation": "uksi/2012/2421",
  "legislation_title": "The Assets of Community Value (England) Regulations 2012",
  "legislation_url": "https://openlegislation.uk/assets-of-community-value-england-regulations-2012",
  "path": "regulation/5",
  "kind": "regulation",
  "number": "5",
  "heading": "Voluntary or community bodies",
  "text": "(1) For the purposes of section 89(2)(b)(iii) of the Act, but subject to paragraph (2), “a voluntary or community body” means—\n(a) a body designated as a neighbourhood forum pursuant to section 61F of the Town and Country Planning Act 1990;\n(b) a parish council;\n(c) an unincorporated body—\n(i) whose members include at least 21 individuals, and\n(ii) which does not distribute any surplus it makes to its members;\n(d) a charity;\n(e) a company limited by guarantee which does not distribute any surplus it makes to its members;\n(f) a co-operative or community benefit society which does not distribute any surplus it makes to its members; or\n(g) a community interest company.\n(2) A public or local authority may not be a voluntary or community body, but this does not apply to a parish council.\n(3) In this regulation “co-operative or community benefit society” means a registered society within the meaning given by section 1(1) of the Co-operative and Community Benefit Societies Act 2014, other than a society registered as a credit union.",
  "extent": "E+W",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in reg. 5(1)(f) substituted (1.8.2014) by The Co-operative and Community Benefit Societies and Credit Unions Act 2010 (Consequential Amendments) Regulations 2014 (S.I. 2014/1815), reg. 1(2), Sch. para. 32(a)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Reg. 5(3) substituted (1.8.2014) by The Co-operative and Community Benefit Societies and Credit Unions Act 2010 (Consequential Amendments) Regulations 2014 (S.I. 2014/1815), reg. 1(2), Sch. para. 32(b)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 5 in force at 21.9.2012, see reg. 1(1)"
    },
    {
      "type": "footnote",
      "label": "f1",
      "text": "1990 c.8. Section 61F was inserted by paragraphs 1 and 2 of Schedule 9 to the Localism Act 2011, with effect from 6th April 2012, in accordance with article 8(a) of the Localism Act 2011 (Commencement No. 4 and Transitional, Transitory and Saving Provisions) Order 2012, S.I. 2012/628."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "A community interest company is a company which satisfies the requirements of Part 2 of the Companies (Audit, Investigations and Community Enterprise Act 2004 (c.27). See in particular sections 26, 35 and 36A. There have been amendments to section 26 and a substitution of section 36A which are not significant for these Regulations."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2012/2421/regulation/5",
    "retrieved_at": "2026-10-29T01:18:29.845181+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}