{
  "url": "https://openlegislation.uk/eu-regulation-2005-1073/annex/division-IFRIC/division-2/division-1",
  "json_url": "https://openlegislation.uk/eu-regulation-2005-1073/annex/division-IFRIC/division-2/division-1.json",
  "legislation": "eur/2005/1073",
  "legislation_title": "Commission Regulation (EC) No 1073/2005 of 7 July 2005 amending Regulation (EC) No 1725/2003 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council, as regards IFRIC 2 (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2005-1073",
  "path": "annex/division/IFRIC/division/2/division/1",
  "kind": "division",
  "number": "1",
  "heading": null,
  "text": "Cooperatives and other similar entities are formed by groups of persons to meet common economic or social needs. National laws typically define a cooperative as a society endeavouring to promote its members’ economic advancement by way of a joint business operation (the principle of self-help). Members’ interests in a cooperative are often characterised as members’ shares, units or the like, and are referred to below as ‘members’ shares’.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2005/1073/annex/division/IFRIC/division/2/division/1",
    "retrieved_at": "2026-11-01T14:54:30.077328+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."
}