As the Co-operative and Community Benefit Societies Act 2014 ( the Act) regulates all but a small number of Scottish RSLs the Law Commission Consultation on its reform is important.
Key issues that have been raised on behalf of the sector are:
Definitions of (a) Co-operative and (b) Community Benefit Society
A community benefit society (CBS) is defined as a society carrying on any business for the sole benefit of the community with voluntary membership open to all on a one member one vote basis