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16.—(1) The Community Interest Company Regulations 2005(1) are amended as follows.
(2) In regulation 2 (interpretation)—
(a)for the definition of “permitted industrial and provident society” substitute—
““permitted society” means a registered society which has a restriction on the use of its assets in accordance with regulation 4 of the Community Benefit Societies (Restriction on Use of Assets) Regulations 2006(2) or regulation 4 of the Community Benefit Societies (Restriction on Use of Assets) Regulations (Northern Ireland) 2006(3);”; and
(b)after the definition of “referendum” insert—
““registered society” means—
a registered society within the meaning given by section 1(1) of the Co-operative and Community Benefit Societies Act 2014; or
a society registered or deemed to be registered under the Industrial and Provident Societies Act (Northern Ireland) 1969;”.
(3) In paragraph 1(4) of Schedules 1, 2 and 3 (provisions prescribed for the articles of a community interest company) for sub-paragraph (ba) substitute—
“(ba)“permitted society” means a registered society which has a restriction on the use of its assets in accordance with regulation 4 of the Community Benefit Societies (Restriction on Use of Assets) Regulations 2006 or regulation 4 of the Community Benefit Societies (Restriction on Use of Assets) Regulations (Northern Ireland) 2006;
(bb)“registered society” means—
(i)a registered society within the meaning given by section 1(1) of the Co-operative and Community Benefit Societies Act 2014; or
(ii)a society registered or deemed to be registered under the Industrial and Provident Societies Act (Northern Ireland) 1969;”.
(4) In each of the following provisions for “permitted industrial and provident society” substitute “permitted society”—
(a)regulation 2, in the definition of “asset-locked body”;
(b)regulation 6A; and
(c)paragraph 1(4)(a) of Schedules 1, 2 and 3 (in the definition of “asset-locked body”).
(5) In the heading to Part 2A and regulation 6A for “an industrial and provident society” substitute “a registered society”.
S.I. 2005/1788 amended by S.I. 2009/1942. There are other amending instruments but none is relevant.
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