October 4, 2017

The Department for Digital, Culture, Media and Sport has announced that legislation to allow charities and community interest companies to quickly convert to charitable incorporated organisations (CIOs) has been put before parliament. The new legislation will allow community interest companies and charities with company structures to quickly convert into CIOs from January. This follows a recent consultation on the proposed changes by the department.

CIOs were included in the Charities Act 2006 and were introduced as a new legal structure in 2013 after significant delays. They allow charities to enter into contracts as corporate entities with limited liability for trustees and members.