Question to the HM Treasury:

To ask His Majesty's Government what plans they have to review the law covering cooperatives and community benefit societies.

On 19 June, the Government informed Parliament^[1] that it has invited the Law Commission to conduct reviews of the Co-operative and Community Benefit Societies Act 2014 and the Friendly Societies Act 1992.

The Treasury is now working with the Law Commission to formally agree a terms of reference and a timetable for each review once the projects are formally agreed. These reviews will aim to identify necessary updates to the legislation that will set co-operatives and friendly societies up for future growth and success. The Government expects that the reviews will start in the autumn.

[1] https://questions-statements.parliament.uk/written-statements/detail/2023-06-19/hlws847