Industrial and provident societies are now Co-operative and Community Benefit Societies
21 Aug, 2014
The Co-operative and Community Benefit Societies Act 2014 ("the Act") came into force on 1 August 2014, consolidating the existing law relating to industrial and provident societies and providing them with a more modern, up-to-date description.
The Act consolidates various enactments relating to co-operative societies, community benefit societies and other societies registered under the Industrial and Provident Societies Act 1965, with certain amendments.
The Institute of Chartered Accountants in England and Wales (ICAEW) has published a summary of the Act’s impact on annual reports, financial statements and audit reports on or after that date, irrespective of the financial year to which they relate.
Please click for:
- ICAEW summary (link to ICAEW website).
- Access to the 2014 Act (link to Regulations).
