LegalizeThe Co-operative and Community Benefit Societies and Credit Unions Act 2010 (Commencement No. 2) Order 2014
Made: 30th January 2014
The Treasury, in exercise of the powers conferred by section 8(2) of the Co-operative and Community Benefit Societies and Credit Unions Act 2010[^f00001], make the following Order:
Citation
1
This Order may be cited as the Co-operative and Community Benefit Societies and Credit Unions Act 2010 (Commencement No. 2) Order 2014.
Provision coming into force on 6th April 2014
2
Section 3 of the Co-operative and Community Benefit Societies and Credit Unions Act 2010 comes into force on 6th April 2014.
Provision coming into force on 1st August 2014
3
Section 1 of the Co-operative and Community Benefit Societies and Credit Unions Act 2010 comes into force on 1st August 2014.
Signed
David Evennett — Karen Bradley — Two of the Lords Commissioners of Her Majesty’s Treasury — 30th January 2014
Explanatory note
(This note is not part of the Order)
EXPLANATORY NOTE
This Order brings section 3 of the Co-operative and Community Benefit Societies and Credit Unions Act 2010 (c.7) (the “2010 Act”) into force on 6th April 2014 and section 1 of the 2010 Act into force on 1st August 2014. Section 1 requires that in future societies to be registered under section 1 of the Industrial and Provident Societies Act 1965 (c.12) must be either registered as co-operative societies or as community benefit societies. Section 3 applies the Company Directors Disqualification Act 1986 (c.46) to societies registered or deemed to be registered under the Industrial and Provident Societies Act 1965.
Footnotes
[^f00001]: 2010 c.7.
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