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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Regulations)

These Regulations, which are made under Article 9 of the Industrial and Provident Societies (Northern Ireland) Order 2006 (N.I. 3), amend the Community Benefit Societies (Restriction on Use of Assets) Regulations (Northern Ireland) 2006 (S.R. 2006 No. 258) to permit community benefit societies to transfer their assets to community interest companies under prescribed circumstances.

The Regulations also make a consequential modification to the application of the Industrial and Provident Societies Act (Northern Ireland) 1969 (C. 24).