Our Housing team are delighted following a formal tender procurement process to have been appointed to three lots under the new multi-million-pound legal services framework for The Riverside Group.
But panic not - what this actually means is that, from that date IPSs will be known as either “community benefit societies” or “co-operative societies”, depending on how they designated themselves when they were formed. And, it only applies to societies registered (with the Financial Conduct Authority) after 1 August 2014. Those registered before then will be known as “Pre-2010 Act Societies” (although, in practice, they will probably call themselves “community benefit” or “co-operative” societies, for consistency). The change in terminology essentially aims to update the rather outdated and dusty term “industrial and provident society”, replacing it with descriptors that are already widely used (particularly by IPSs outside the housing sector, where co-ops are more common).
More thrillingly, for those who have to deal with the administrative side of IPSs, is the news that the Financial Conduct Authority will (from 6 April) accept applications for new registrations by email. The process for doing this is to be clarified, and it will still be subject to the FCA’s standard 15-working day processing time, but it is a clear step towards modernisation. The National Housing Federation (whose consent is needed by societies using the NHF’s Model Rules) is apparently also getting on the “electronic submission” bandwagon. Exciting times indeed for IPSs!
Gemma Bell is an associate at Anthony Collins Solicitors.
For more information
Contact Gemma Bell on email@example.com or 0121 214 3596.
This piece first appeared in Inside Housing on 28 February 2014. A copy of this article can also be found on their website – click here to view.
Necrotising Fasciitis, more commonly known as the ‘flesh-eating disease’, is a significant medical condition that requires urgent treatment.
Many of us who have been following the unfolding Inquest, are not surprised that the Coroner found gross and significant failures on the part of those caring for him.
Transferring out of SHPS will not be suitable for every housing association. So what should housing associations do?
In all the action to remove defective cladding, leaseholders have been the elephant in the room. Whilst social landlords might have adopted a wait and see approach private landlords do not have that luxury.
We welcome the Labour Party’s commitment to doubling the size of the co-operative economy. We wholeheartedly support the ambition to grow this vitally important part of the economy.
It was first referred to in the Charities Act 2006 (which was subsequently replaced by the Charities Act 2011) but it has finally been announced that charitable companies are able to convert to a charitable incorporated organisation (“CIO”).
The Private Members Bill Homes (Fitness for Human Habitation and Liability for Housing Standards) Bill 2017-19 now has Government support and was debated at second reading on Friday 19 January 2018.
In short - yes. This is a common question in personal injury or clinical negligence claims and has recently come before the High Court in judicial review proceedings.
GDPR The General Data Protection Regulations (GDPR) will come into force on 25 May 2018 and bring changes to the rules governing data protection and the requirements placed on organisations which control or process personal data.
To receive invitations to our events, as well as information and articles on legal issues and sector developments that are of interest to you, please sign up to Newsroom.