Commission determined to cut regulation by assessing risks

The Charity Commission is looking at ways of tailoring the regulation of charities according to the risks they face, it was revealed at the regulator's first open board meeting last week.

Rosie Chapman, the commission's director of policy and strategy, said a report was being prepared for new chief executive Andrew Hind that would examine the different risks faced by charities and the level of regulation appropriate for them.

"We are looking at whether we can take a less regulatory stance, and instead concentrate on published guidance," Chapman told Third Sector.

She said this would add "another level of sophistication" to the commission's regulatory approach. But she insisted it was better regulation rather than deregulation.

Among the different regulatory techniques the commission may employ are encouraging self-regulation, publishing information on performance, naming and shaming charities or giving out awards, review visits and enforcement actions such as investigations. The kind of regulation could depend on charitable purpose, constitutional form, types of funding and vulnerability of the charity's beneficiaries.

Chapman also told the meeting that the commission planned to go live with the new Standard Information Return - a compulsory summary of the aims and achievements of charities with income of more than £1m - in January.

She added it was likely that charities compelled to submit the return would not have to submit an annual return to the commission as well. But the regulator is checking the feasibility of this.

Director of resources Nick Allaway said that he had received more than 200 applications for the vacant fifth commissioner post.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in
Follow us on:

Latest Jobs

RSS Feed

Third Sector Insight

Sponsored webcasts, surveys and expert reports from Third Sector partners

Markel

Expert hub

Insurance advice from Markel

How bad can cyber crime really get: cyber fraud #1

Promotion from Markel

In the first of a series, we investigate the risks to charities from having flawed cyber security - and why we need to up our game...

Third Sector Logo

Get our bulletins. Read more articles. Join a growing community of Third Sector professionals

Register now