http://www.legislation.gov.uk/uksi/2012/2421/regulation/2The Assets of Community Value (England) Regulations 2012Local governmentenLOCAL GOVERNMENT, ENGLANDStatute Law Database2026-06-11Expert Participation2017-04-06 Chapter 3 of Part 5 of the Localism Act 2011 (“the Act”) makes provision for England and Wales in relation to assets of community value, and includes powers for the Secretary of State to make further detailed provision in relation to England. These Regulations, which apply to England only, contain those details and come into force at the same time as commencement of Chapter 3, Part 5 of the Act, to give effect to the assets of community value scheme. List of assets of community value2A local authority must as soon as practicable after receiving information that enables it to do so make the following amendments to an entry on the list—aadd to the entry—ithe information that, during the six weeks beginning with the date of receipt of a notice under section 95(2) of the Act in respect of any of the land to which the entry applies, it has received a request from a community interest group with a local connection to be treated as a potential bidder in relation to land to which the notice relates;iithe name of that community interest group; andiiithat restrictions on entering into a relevant disposal of the land to which the notice relates continue to apply during the six months beginning with the date the notice was received, but at the end of that six months will then not apply for a further twelve months;bamend or, as the case may be, remove the entry so as to exclude any of the land that has since it was included in the list been the subject of a relevant disposal other than one referred to in section 95(5) of the Act; andcremove the entry if—ian appeal against listing is successful, oriithe authority for any reason no longer considers the land to be land of community value.Reg. 2 in force at 21.9.2012, see reg. 1(1)