Regulation 5 Amalgamation of CIOsI1
England and Wales
(1)
A relevant CIO must notify the Regulator of Social Housing if it passes a resolution that complies with section 235(4) of the 2011 Act approving a proposed amalgamation with one or more other CIOs.
(2)
Paragraph (3) applies where—
(a)
any two or more CIOs (“the old CIOs”) make an application under section 235 of the Charities Act 2011; and
(b)
at least one of those CIOs is a relevant CIO.
(3)
The old CIOs must supply the Commission with a statement confirming that the Regulator of Social Housing has been notified in accordance with paragraph (1).
(4)
The Commission must refuse such an application unless it is supplied with the statement mentioned in paragraph (3).