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Calls for insolvency legislation to apply to co‑ops heeded by government
Policy Issue: Law and corporate frameworkNew insolvency legislation to give businesses in distress more opportunities to turn things around has been applied to co-ops following our successful lobbying efforts.
Policy success: Landmark Co-op Act makes it easier for people to set up co-operatives
Policy Issue: Law and corporate frameworkThe Co-operative and Community Benefit Societies Act (2014) came into force in August 2014, wrapping up accompanying reforms introduced in April 2014.
Win for housing co-ops in Budget
Policy Issue: TaxPrivate rental housing co-ops will no longer have to pay punitive taxes aimed at deterring the corrupt practice known as ‘property enveloping’.
FCA abolishes society fees - saving the sector over £1m annually
Policy Issue: GovernanceThe Financial Conduct Authority (FCA) has responded to our calls to abolish the public fees for accessing society information via the online Mutuals Register.