The Community Benefit Societies (Restriction on Use of Assets) Regulations (Northern Ireland) 2006

PART I N.I. CITATION, COMMENCEMENT AND INTERPRETATION

Citation and commencement N.I.

1.  These Regulations may be cited as the Community Benefit Societies (Restriction on Use of Assets) Regulations (Northern Ireland) 2006 and come into operation on 31st July 2006.

Commencement Information

I1 Reg. 1 in operation at 31.7.2006, see reg. 1

Interpretation N.I.

2.—(1) The Interpretation Act (Northern Ireland) 1954(1) applies to these Regulations as it applies to an Act of the Assembly.

(2) In these Regulations—

“the 2006 Order” means the Industrial and Provident Societies (Northern Ireland) Order 2006;

“the 1969 Act” means the Industrial and Provident Societies Act (Northern Ireland) 1969(2);

[F1 “the Registrar” means the Financial Conduct Authority;]

“charity” has the meaning given by section 35 of the Charities Act (Northern Ireland) 1964(3);

“committee” and “officer” have the meaning given by section 101 of the 1969 Act;

[F2 “community interest company” has the meaning given by section 26 of the Companies (Audit, Investigations and Community Enterprise) Act 2004]

“community benefit society” has the meaning given by Article 9(8) of the 2006 Order;

“prescribed community benefit society” means a community benefit society of the kinds prescribed by regulation 5;

“registered housing association” means a housing association registered in the register maintained by the Department of the Environment under Article 14 of the Housing (Northern Ireland) Order 1992(4);

“a restriction on use” means a rule included in the rules of a prescribed community benefit society which is in the terms set out in Schedule 1.

Textual Amendments

F1 Words in reg. 2(2) substituted (6.4.2018 immediately after 2016 c. 16 (N.I.), s. 8(2) comes into force) by The Financial Services Act 2012 (Mutual Societies) Order 2018 (S.I. 2018/323), art. 1, Sch. 4 para. 8(2) (with art. 3)

F2 Words in reg. 2(2) inserted (4.6.2007) by The Community Benefit Societies (Restriction on Use of Assets) (Amendment) Regulations (Northern Ireland) 2007 (S.R. 2007/226), regs. 1, 3(2)

Commencement Information

I2 Reg. 2 in operation at 31.7.2006, see reg. 1

(1)

1954 c. 33 (N.I.)

(2)

1969 C. 24

(3)

1964 C. 33

(4)

S.I. 1992/1725 (N.I. 15)