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New CIC guidance published

The CIC Regulator has published comprehensive new guidance explaining what community interest companies (CICs) are, and the steps that must be taken to form a CIC.

The guidance, which is set out in 11 distinct chapters, has been published for people who want to form a CIC, other stakeholders and those giving professional advice about CICs. It includes information on constitutional documents, restrictions on the transfer of assets (‘the asset lock’) and statutory obligations. You can download the guidance here for free.