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New legal form ‘will not benefit larger charities’

Added: Wednesday 2 November 2011

UK law has created a new legal form: the Charitable Incorporated Organisation, or CIO. It allows an organisation to be incorporated without having to register as a company, and was created with charities in mind under the Charities Act in 2006. However, a report from Deloitte suggests that the CIO structure will not be suitable for larger charities, because it does not allow the organisation to offer security for borrowing money.