# The Community Interest Company (Amendment) Regulations 2012, Note: Explanatory note


(This note is not part of the Regulations)
The Companies (Audit, Investigations and Community Enterprise) Act 2004 requires the directors of a community interest company to prepare a report in respect of each financial year about the company’s activities during that year (a “community interest company report”). These Regulations amend the Community Interest Company Regulations 2005 in respect of that requirement. They extend to the whole of the United Kingdom.
Regulation 2 requires the directors of every community interest company to deliver a copy of the community interest company report to the registrar of companies within the period allowed in the Companies Act 2006 for filing company accounts and reports, irrespective of whether any of the exemptions from the requirements about company accounts and reports would otherwise apply. It also applies existing sanctions for the late filing of company accounts and reports to the late filing of the community interest company report.
Regulation 3 makes transitional provision.
An Impact Assessment has not been prepared for this instrument as it is not anticipated that these changes will lead to any significant costs or burdens.

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Source: https://www.legislation.gov.uk/ukdsi/2012/9780111525494/note (the official version)
Page: https://openlegislation.uk/draft-community-interest-company-amendment-regulations-2012/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.