At present, new charities and existing unincorporated organisations can apply to register as a Charitable Incorporated Organisation (CIO). The Charities Act 2011 includes provisions to allow companies limited by guarantee (whether charitable or non-charitable), community interest companies (CICs) and industrial and provident societies (IPS) to convert to a CIO. The regulations governing these conversions were expected to be introduced in early 2014, but have now been delayed. The Charity Commission have no date set for bringing in the regulations, although they are hoped to come in later in the year.
David Mears, partner, in the charity and social business team, discusses the delay.
Delays to CIO conversions.pdf