Never forever CIOs?
Unsurprisingly, the implementation of the Charitable Incorporated Organisation (‘CIO’), the new legal structure specifically designed for charities, has been delayed
until the autumn. In the end there was no time for the secondary legislation needed to implement the CIO to be put to Parliament during the last session. So this means that the CIO will not be available until the latter part of 2010 or early in 2011.
The broad framework for CIOs was set out in the Charities Act 2006. A consultation on proposed secondary legislation was undertaken in December 2008 and a
joint Cabinet Office/Charity Commission response was published in September 2009. It was previously expected that CIOs would become available by early 2010.
See the news item: ‘And they all (CIOs) lived happily ever after?’ in Caritas, issue 24, page 4.
A useful summary can be found here on the Farrers website.
Author: Clarissa Dann
Clarissa Dann was the editor of Caritas as well as an HR and management online service,he People Bulletin until July 2011.
She is now the editor of the specialist trade finance magazine, Trade and Forfaiting Review which can be viewed at www.tfreview.com but does write on charity finance and investment from time to time.
Clarissa has a background in legal and professional publishing, as well as business journalism and holds an MBA from
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