Regulation 12 Prescribed conversion documents

(1)

For the purposes of section 37 of the 2004 Act, the prescribed conversion documents are—

(a)

a community interest statement signed by each person who is a director of the company;

(b)

a declaration that the company is not an excluded company; and

(c)

either—

(i)

a declaration that the company is not a charity or a Scottish charity; or

(ii)

if the company is not a Scottish charitable company within the meaning of section 40 of the 2004 Act, a declaration that the Charity Commissioners have given the company the written consent required by section 39 of the 2004 Act.

(2)

The declarations referred to in sub-paragraphs (b) and (c) of paragraph (1) must be in a form approved by the Regulator and must be made by each person who is a director of the company.