Consultation on the Dividend Caps and the Performance Related Interest Cap under the Community Interest Company Regulations 2005
Starting Date: 30-03-09
Closing Date: 19-06-09
The Regulator is asking for views on the limits on dividends and performance related interest paid to investors and financiers.
The Community Interest Company (CIC) was introduced by the Companies (Audit, Investigation and Community Enterprise) Act 2004 as a new legal form for social enterprises who want to use the company form while ensuring assets are used for the benefit of the community. The Community Interest Comapny Regulations 2005 brought the CIC into effect in July 2005.
The consultation seeks views on the Community Interest Company Regulations 2005 ("the Regulations) Part 6, regulations 17 to 22 which deal with the caps on dividend payments and performance related interest paid.
Views are welcome from CICs and other individuals or organisations working in or with the Third Sector who may have experience of or interest in the operation of CICs. An electronic version of the consultation document, impact assessment and response form can be found at:
You may make copies of these documents without seeking permission.