Regulator of Community Interest Companies

To be confirmed

Biography

Regulator of Community Interest Companies

The Companies (Audit, Investigations and Community Enterprise) Act 2004 established the regulator as an independent public office holder appointed by the Secretary of State for Business, Energy & Industrial Strategy.

The appointment was subject to an open public recruitment process monitored by the Office of the Commissioner for Public Appointments.

The regulator is an independent official and their powers are set out in the Act and the Community Interest Company Regulations 2005. The Act requires the regulator to discharge their functions in accordance with good regulatory practice.

In particular, the regulator must have regard to the:

  • likely impact of their actions on those affected
  • results of consultation with stakeholders
  • efficient and economic use of their resources

The government expects the regulator to be a ‘light touch regulator’ who will encourage the development of the CIC brand and provide guidance and assistance on matters relating to CICs.

Office of the Regulator of Community Interest Companies

Previous roles in government

  • Chief Executive, Registrar of Companies
  • Chief Operating Officer, IPO
  • People, Places & Services Director, IPO