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The Community Benefit Societies (Restriction on Use of Assets) Regulations 2006
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This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Community Benefit Societies (Restriction on Use of Assets) Regulations 2006 No. 264
Removal of officers
11.—(1) If the Authority considers that a prescribed community benefit society has contravened regulation 3 and that an officer of the society has been knowingly concerned in the contravention, the Authority may direct the society to remove the officer from his office or position.
(2) The Authority may not exercise the power in paragraph (1) if it considers, having taken into account any representations made to it in response to a warning notice, that the officer concerned took all reasonable steps to secure that the society did not contravene regulation 3.
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