The Golden Share Regulations are in force!

We can confirm that the Regulations have come into force as drafted in September (you can read our ebriefing here) and that there are no substantive changes to their content. Private Registered Providers (“PRPs”) are expected to amend their constitutions to give effect to the Regulations on or before 16 May 2018 (“the appointed day”).

The Office for National Statistics (“ONS”) has also just announced that PRPs are to be re-classified as of today as private bodies. The reclassification has been communicated in a letter, which can be found linked to the statement.

We are happy to advise on the best approach to liaising with local authorities in light of your constitutional arrangements. We also offer fixed-fee packages to amend your constitution to reflect the new Regulations.

You can find a full copy of the Regulations here. You might also find our previous ebriefings on Deregulation and the Regulations useful for a summary on the background to the Regulations and the effect they are expected to have on PRPs:

• D(e-regulation) Day
• Goodbye to the Golden Share?

To find out more about the Regulations and how they will affect you, please contact Gemma Bell, Victoria Jardine,  Sarah Greenhalgh or Rose Klemperer.

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