New Year. New Rules.

Co-operatives UK launches new IPS model rules.

Over the past few months, Co-operatives UK has been working with the FSA to update its model rules for industrial and provident societies in order to reflect good practice and make them fit for purpose. 

The FSA has now accepted the new models which are listed below and have replaced the previous models under the same name, with exception of the Multi-stakeholder model rules These are:

• Worker IPS
• Co-operative Consortium IPS
• Multi-stakeholder Co-operative IPS (replaced Community Co-operative Model Rules)
• Society for the benefit of the community
• Charitable society for the benefit of the community
• Community Finance

Any organisation looking to register with a previous set of our IPS model rules, should contact us for advice.

The new models shall be made available to co-operative development body members of Co-operatives UK over the coming weeks.

Until then, we have prepared some guidance on the content of the new models.