The Industrial and Provident Societies Act 1965 (c. 12) was an Act of the

Parliament of the United Kingdom The Parliament of the United Kingdom is the supreme legislative body of the United Kingdom, the Crown Dependencies and the British Overseas Territories. It meets at the Palace of Westminster, London. It alone possesses legislative suprema ...

that regulated

industrial and provident societies An industrial and provident society (IPS) is a body corporate registered for carrying on any industries, businesses, or trades specified in or authorised by its rules. The members of a society benefit from the protection of limited liability ...

in Great Britain and the Channel Islands. From 1 August 2014 it was repealed and replaced by the consolidating

Co-operative and Community Benefit Societies Act 2014 The Co-operative and Community Benefit Societies Act 2014 (c.14) is an Act of the Parliament of the United Kingdom that received Royal Assent on 14 May 2014. Provisions According to its long title, the Act consolidates certain enactments rela ...

. The

Co-operative and Community Benefit Societies and Credit Unions Act 2010 The Co-operative and Community Benefit Societies and Credit Unions Act 2010 (c.7) is an Act of the Parliament of the United Kingdom that received Royal Assent on 18 March 2010. Provisions The Act provides that: * Industrial and Provident Soci ...

contained a provision that would have renamed the Act the Co-operative and Community Benefit Societies and Credit Unions Act 1965, but this was repealed on 1 August 2014 before coming into force.

History

In the UK, and some Commonwealth countries, many

co-operatives A cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-control ...

are registered as

. Since 2014 the applicable laws now explicitly name co-operatives and community benefit societies in their titles. In January 2012 the UK Prime Minister, David Cameron announced a project to consolidate all the legislation applicable to industrial and provident societies. There was some uncertainty as to how far new developments would address the problems with the legislation. In mid-2012, revision of laws for co-operative was in its early stages. The enactment of the

completed the reform process.

Jurisdiction

This legislation applies in Great Britain (England, Wales, and Scotland). Northern Ireland has its own very similar legislation. The 1965 and 1968 Acts also apply to Jersey and Guernsey.

References

External links

Related secondary legislation

The Industrial and Provident Societies (Group Accounts) Regulations 1969 SI 1969/1037Community Benefit Societies (Restriction on Use of Assets) Regulations 2006 SI 2006/264The Friendly and Industrial and Provident Societies Act 1968 (Audit Exemption) (Amendment) Order 2006 SI 2006/265

The Mutual Societies (Electronic Communications) Order 2011 SI 2011/593The Legislative Reform (Industrial and Provident Societies and Credit Unions) Order 2011 SI 2011/2687
{{Co-operatives Co-operatives in the United Kingdom United Kingdom Acts of Parliament 1965

History

Jurisdiction

See also

References

External links

Related Acts

Related secondary legislation