Date: 23rd July, 2015 | Author: Wendy Bambrick | Comments: 0
Charities (Protection and Social Investment) Bill
The bill was announced in the 2015 Queen’s Speech on 28 May 2015. The bill is being introduced to:
- Give the Charity Commission the powers it needs to effectively tackle all the types of abuses charities may face, with the aim of protecting donations and reassuring the public that charities are well regulated.
- Give the Charity Commission the power to issue formal warnings to charities which breach charity law and to direct a charity to be wound-up following an investigation if appropriate.
- Tighten criteria for people becoming a trustee or senior manager. There are existing criteria for disqualifying a person from being a trustee but these are being extended to cover terrorist offences, money laundering and various other offences.
- Give charities the power to make social investments. This is an investment that gives both a financial and social return.