
1 
These Regulations may be cited as the Community Benefit Societies (Restriction on Use of Assets) (Amendment) Regulations (Northern Ireland) 2007 and come into operation on 4th June 2007.
2 
The Interpretation Act (Northern Ireland) 1954 applies to these Regulations as it applies to an Act of the Assembly.
3 

(1) The Community Benefit Society (Restriction on Use of Assets) Regulations (Northern Ireland) 2006 are amended in accordance with paragraphs (2) to (5).
(2) In Regulation 2 (2), before the definition of “prescribed community benefit society” insert—““community interest company” has the meaning given by section 26 of the Companies (Audit, Investigations and Community Enterprise) Act 2004;”.
(3) In Regulation 6 (Prescribed circumstances), after paragraph (b)(i) insert—“(aa) a community interest company;”.
(4) In Schedule 1 (Restriction on Use), in the rule to be included in a prescribed community benefit society’s rules, after paragraph (f)(i) insert—“(aa) a community interest company;”.
(5) In Schedule 2 (Application of the 1969 Act with Modifications), in paragraph 6, in the subsection substituted for section 61(1) of the 1969 Act, before subsection (1)(a) insert—“(az) a community interest company (within the meaning of section 26 of the Companies (Audit, Investigations and Community Enterprise) Act 2004);”.
Sealed with the Official Seal of the Department of Enterprise, Trade and Investment on 6th April 2007
M Bohill
A senior officer of the of the Department of Enterprise, Trade and Investment
