According to a government statement released 30 March 2020, the Office of the Regulator of Community Interest Companies (CICs) has robust plans in place to maintain services for CICs and protect the welfare of employees during the Coronavirus (COVID-19) outbreak.
Understandably, CICs are concerned about the business and community impact of the coronavirus outbreak. The Regulator’s approach to registration and regulation will be as flexible and pragmatic as possible during this period.
In response to the spread of the virus, the Regulator’s office is following Public Health guidelines. The situation is dynamic and may change quickly so they are preparing for a number of situations.
The Regulator’s priority is to protect the welfare of employees. Therefore, paper documents may not be processed as quickly as previously. The Regulator is investigating alternative methods of considering any paper filings and payments, and doing this urgently to ensure its ability to maintain services for CICs.
CICs, follow this link to read the full Covid-19 government guidance for Community Interest Companies.Back to blog