# The Assets of Community Value (England) Regulations 2012, Regulation 5: Voluntary or community bodies

Extent: E+W

(1) For the purposes of section 89(2)(b)(iii) of the Act, but subject to paragraph (2), “a voluntary or community body” means—
(a) a body designated as a neighbourhood forum pursuant to section 61F of the Town and Country Planning Act 1990;
(b) a parish council;
(c) an unincorporated body—
(i) whose members include at least 21 individuals, and
(ii) which does not distribute any surplus it makes to its members;
(d) a charity;
(e) a company limited by guarantee which does not distribute any surplus it makes to its members;
(f) a co-operative or community benefit society which does not distribute any surplus it makes to its members; or
(g) a community interest company.
(2) A public or local authority may not be a voluntary or community body, but this does not apply to a parish council.
(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.

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Source: https://www.legislation.gov.uk/uksi/2012/2421/regulation/5 (the official version)
Page: https://openlegislation.uk/assets-of-community-value-england-regulations-2012/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.