Mutuality & Stewardship
Community Power Cornwall is a democratic and mutual society engaged in the business of stewardship. The information provided on this website is important and requires your detailed attention.
Society registered under the Co-operative and Community Benefit Societies Act 2014
Community Power Cornwall is Registered Society number 30512 R registered on 3rd July 2008 with the Financial Conduct Authority.
Its registered office is: 9 Henley Crescent, Mount Hawke, Truro, Cornwall, TR4 8DN.
Copies of CPC’s rules and business plan and an introduction to the Enterprise Investment Scheme (EIS) are available on request by emailing: email@example.com
Governing law and investor protection
This issue is not a “regulated activity” within the meaning of section 22 and schedule 2 of The Financial services and Markets Act 2000 (Regulated Activities) Order 2001 SI 2001/544.
Non-transferable shares in a society are outside the definition of a “regulated investment” for the purpose of the FSMA 2000 – articles 73 & 76 of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 SI 2001/544.
These shares are not “transferable” or “negotiable on the capital market” therefore are outside the prospectus requirements – section 102A(3) of FSMA 2000 as substituted by The Prospectus Regulations 2005 SI 2005/1433 art 2(1) & schedule 1.
Registered Societies are exempt from the FSMA 2000 general prohibition in respect of accepting deposits in the form of withdrawable share capital.
Non-transferable shares in a society are outside the definition of a “controlled investment” for the purpose of the financial promotion rules – article 35 and schedule 1 paras 14 & 15 of The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 SI 2005/1529.
Community Power Cornwall is not a member of any investment protection scheme.