Q&As

Why does the FCA guidance on co-operative and community benefit societies say that a society ‘may’ be treated as an unincorporated association upon its cancellation as a registered society?

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Published on LexisPSL on 04/06/2018

The following Corporate Q&A provides comprehensive and up to date legal information covering:

  • Why does the FCA guidance on co-operative and community benefit societies say that a society ‘may’ be treated as an unincorporated association upon its cancellation as a registered society?

This Q&A refers to the Financial Conduct Authority’s (FCA) guidance note, paragraphs 8.149–8.158, page 69, and specifically the following statement in paragraph 8.155:

‘The courts have suggested that cancellation, other than on the ground that the society no longer exists at all or that it existed for an illegal purpose, may simply end registration and its privileges. This may leave the unregistered society as an uninc

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