{
  "url": "https://openlegislation.uk/draft-co-operative-and-community-benefit-societies-and-credit-unions-act-2010-consequential-amendments-regulations-2014/schedule/paragraph-16",
  "json_url": "https://openlegislation.uk/draft-co-operative-and-community-benefit-societies-and-credit-unions-act-2010-consequential-amendments-regulations-2014/schedule/paragraph-16.json",
  "legislation": "ukdsi/2014/9780111114865",
  "legislation_title": "The Co-operative and Community Benefit Societies and Credit Unions Act 2010 (Consequential Amendments) Regulations 2014",
  "legislation_url": "https://openlegislation.uk/draft-co-operative-and-community-benefit-societies-and-credit-unions-act-2010-consequential-amendments-regulations-2014",
  "path": "schedule/paragraph/16",
  "kind": "paragraph",
  "number": "16",
  "heading": "Community Interest Company Regulations 2005",
  "text": "(1) The Community Interest Company Regulations 2005 are amended as follows.\n(2) In regulation 2 (interpretation)—\n(a) for the definition of “permitted industrial and provident society” substitute—\n““permitted society” means a registered society which has a restriction on the use of its assets in accordance with regulation 4 of the Community Benefit Societies (Restriction on Use of Assets) Regulations 2006 or regulation 4 of the Community Benefit Societies (Restriction on Use of Assets) Regulations (Northern Ireland) 2006;”; and\n(b) after the definition of “referendum” insert—\n““registered society” means—\n(a) a registered society within the meaning given by section 1(1) of the Co-operative and Community Benefit Societies Act 2014; or\n(b) a society registered or deemed to be registered under the Industrial and Provident Societies Act (Northern Ireland) 1969;”.\n(3) In paragraph 1(4) of Schedules 1, 2 and 3 (provisions prescribed for the articles of a community interest company) for sub-paragraph (ba) substitute—\n“(ba) “permitted society” means a registered society which has a restriction on the use of its assets in accordance with regulation 4 of the Community Benefit Societies (Restriction on Use of Assets) Regulations 2006 or regulation 4 of the Community Benefit Societies (Restriction on Use of Assets) Regulations (Northern Ireland) 2006;\n(bb) “registered society” means—\n(i) a registered society within the meaning given by section 1(1) of the Co-operative and Community Benefit Societies Act 2014; or\n(ii) a society registered or deemed to be registered under the Industrial and Provident Societies Act (Northern Ireland) 1969;”.\n(4) In each of the following provisions for “permitted industrial and provident society” substitute “permitted society”—\n(a) regulation 2, in the definition of “asset-locked body”;\n(b) regulation 6A; and\n(c) paragraph 1(4)(a) of Schedules 1, 2 and 3 (in the definition of “asset-locked body”).\n(5) In the heading to Part 2A and regulation 6A for “an industrial and provident society” substitute “a registered society”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "S.I. 2005/1788 amended by S.I. 2009/1942. There are other amending instruments but none is relevant."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "S.I. 2006/264."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "S.R. 2006/258."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2014/9780111114865/schedule/paragraph/16",
    "retrieved_at": "2026-10-30T15:13:11.714658+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."
}