The Charity Commission has announced a phased timetable allowing charitable companies to convert to charitable incorporated organisations (CIOs) following legislative changes in Parliament on 23 November 2017.
The new legislation also means that all charitable incorporated organisations (CIOs) will be listed on the Business names index, held by Companies House.
The much anticipated Secondary Legislation under the Charities Act 2011 contains 3 distinct elements:
- the Charitable Incorporated Organisations (Conversion) Regulations
- the Charitable Incorporated Organisations (Consequential Amendments) Order
- the Index of Company Names (Listed Bodies) (England and Wales) Order
The Charity Commission (the Commission) is now preparing a programme of work to support these changes.