The Community Investment Tax Relief (Accreditation of Community Development Finance Institutions) Regulations 2003

Publication of details

7.—(1) It is a term of accreditation that the CDFI agrees to the publication of the information specified in paragraph (2) in a list which the Secretary of State may publish from time to time.

(2) The information specified for the purpose of paragraph (1) is—

(a) the name of the CDFI;

(b) the business address of the CDFI;

(c) the name of an individual who may be contacted at the CDFI;

(d) the date the CDFI was granted accreditation; and

(e) an outline of the aims and business operations of the CDFI.

(3) The CDFI must give notice to the Secretary of State of—

(a) any change to the information specified in subparagraphs (a) to (d) of paragraph (2), and

(b) any material change to the information specified in subparagraph (e) of paragraph (2),

within 30 days of the relevant change.

(4) The CDFI is liable to a penalty of £100 payable to the Small Business Service for each failure to notify a change to the specified information in accordance with paragraph (3) unless the Investment Director is satisfied that the CDFI had a reasonable excuse for failing to notify the change.