Can an existing charitable company convert to a CIO?
Not at the moment.
The Charities Act contains provisions which enable an existing charitable company to convert to a CIO. However, the Office for Civil Society has to make further regulations to complete the legal framework to allow a charitable company to convert to a CIO. The Office for Civil Society expects to make these regulations later in 2014, so existing charitable companies will not be able to convert to a CIO using these provisions until some time after the regulations are made. We will update this page when there is further information about these regulations.
Although the regulations have not been made yet, we know from the provisions in the Charities Act that the process will be relatively straightforward.
The existing corporate body will simply be re-registered as a CIO with a new constitution. The conversion process will not affect the legal personality of the organisation or its business relationships.