Regulator agrees to coalition talks

The Regulator of Community Interest Companies, John Hanlon, has signed a 'memorandum of understanding' with the Social Enterprise Coalition.

The agreement commits Hanlon to consult the coalition and signpost newly registered social enterprises to the services it offers.

In return, the coalition has agreed to support the regulator in promoting understanding of the community interest company, the new legal form for social businesses created by the Companies Act last year.

"I see this as an important step in beginning a dialogue with the social enterprise sector," said Hanlon.

"I will be continuously reporting back to government, passing on suggestions from the industry to ensure the CIC meets the needs of the sector."

FACT FILE

Memorandum of understanding signed between Regulator of Community Interest Companies and the Social Enterprise Coalition.

Agreement sets out a framework for co-operation and collaboration between the two.

Regulator John Hanlon promises to exert a "light touch".

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