In 2013, the Charitable Incorporated Organisations (CIO) was introduced as a new legal structure to meet the needs of small charities in England and Wales.
Secondary Legislation to enable charitable companies and Community Interest Companies to convert into CIOs has been laid in Parliament. Subject to Parliamentary approval, phased implementation of CIO conversions could begin from January 2018.
These regulations will enable a simple and direct conversion process for charities with a company structure and Community Interest Companies (CICs) looking to change their legal form into a Charitable Incorporated Organisations (CIO.)