# The Co-operative and Community Benefit Societies and Credit Unions Act 2010 (Consequential Amendments) Regulations 2014, Paragraph 16: Community Interest Company Regulations 2005


(1) The Community Interest Company Regulations 2005 are amended as follows.
(2) In regulation 2 (interpretation)—
(a) for the definition of “permitted industrial and provident society” substitute—
““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
(b) after the definition of “referendum” insert—
““registered society” means—
(a) a registered society within the meaning given by section 1(1) of the Co-operative and Community Benefit Societies Act 2014; or
(b) a society registered or deemed to be registered under the Industrial and Provident Societies Act (Northern Ireland) 1969;”.
(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—
“(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;
(bb) “registered society” means—
(i) a registered society within the meaning given by section 1(1) of the Co-operative and Community Benefit Societies Act 2014; or
(ii) a society registered or deemed to be registered under the Industrial and Provident Societies Act (Northern Ireland) 1969;”.
(4) In each of the following provisions for “permitted industrial and provident society” substitute “permitted society”—
(a) regulation 2, in the definition of “asset-locked body”;
(b) regulation 6A; and
(c) paragraph 1(4)(a) of Schedules 1, 2 and 3 (in the definition of “asset-locked body”).
(5) In the heading to Part 2A and regulation 6A for “an industrial and provident society” substitute “a registered society”.

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Source: https://www.legislation.gov.uk/ukdsi/2014/9780111114865/schedule/paragraph/16 (the official version)
Page: https://openlegislation.uk/draft-co-operative-and-community-benefit-societies-and-credit-unions-act-2010-consequential-amendments-regulations-2014/schedule/paragraph-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.