With no scope for exemptions or de minimis thresholds, this will introduce a new layer of regulation for charities including the many charitable trusts which are not currently required to register with a regulator.
Our view is this could have far-reaching consequences. All charities, regardless of their legal form, may have to register their restricted and permanent endowment funds which are usually held on trust.
Read our update to get up-to-speed on the new requirement and how it may affect your organisation.
For further information, please contact Lucy Rhodes, Laura Soley or your usual contact at Bates Wells.
All content on this page is correct as of June 17, 2019.