The second commencement starts this month with the provision relating to charity mergers, including the publication of an online register of mergers managed by the Charity Commission.
The third commencement order will see measures coming into force in the first quarter of 2008, including the new Charity Tribunal in February, the new definition of charity and public benefit requirements in March and changes to audit and accounting requirements in the spring.
The remaining measures will be implemented later next year. Provisions for the much-anticipated charitable incorporated organisation should be in place by the summer, after public consultation and parliamentary scrutiny. Excepted charities with annual incomes of more than £100,000 will be required to register with the Charity Commission from 1 October 2008, while the requirement for exempted charities will come at a later stage in 2009.
The full update is available on the OTS website.