Co-operative and Community Benefit Societies Act 2014
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| Long title |
An Act to consolidate certain enactments relating to co-operative societies, community benefit societies and other societies registered or treated as registered under the Industrial and Provident Societies Act 1965, with amendments to give effect to recommendations of the Law Commission and the Scottish Law Commission. |
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| Citation | 2014 c. 14 |
| Dates | |
| Royal assent | 14 May 2014 |
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Status: Current legislation
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| History of passage through Parliament | |
| Text of statute as originally enacted | |
| Text of the Co-operative and Community Benefit Societies Act 2014 as in force today (including any amendments) within the United Kingdom, from legislation.gov.uk | |
An Act to consolidate certain enactments relating to co-operative societies, community benefit societies and other societies registered or treated as registered under the Industrial and Provident Societies Act 1965, with amendments to give effect to recommendations of the Law Commission and the Scottish Law Commission.
The Co-operative and Community Benefit Societies Act 2014 (c.14) is an Act of the Parliament of the United Kingdom that received Royal Assent on 14 May 2014.
A Bill to consolidate certain enactments relating to co-operative societies, community benefit societies and other societies registered or treated as registered under the Industrial and Provident Societies Act 1965, with amendments to give effect to recommendations of the Law Commission and the Scottish Law Commission.
The Act renamed industrial and provident societies as co-operative or community benefit societies. The Act effectively implemented the renaming provisions first enacted in the Co-operative and Community Benefit Societies and Credit Unions Act 2010 and coincided with a number of other changes foreshadowed by the 2010 Act, such as the application of the Company Directors Disqualification Act 1986 to society directors (known as committee members in the legislation) by the commencement of section 3 of the 2010 Act from 1 April 2014.
Since 1 August 2014, a new society must register as either a co-operative or a community benefit society rather than, as had been the case, an industrial and provident society that met either requirement. Societies already registered before that date remain registered under the 2014 Act. Sections 1 and 2 provide that all three types of society (co-operative societies, community benefit societies and societies already registered before 1 August 2014) are referred to together as "registered societies". However, for administrative purposes, the three types of society are categorised separately. The Act applies to Great Britain but not Northern Ireland.
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