These Regulations make provision in consequence of the commencement of section 1 of the Co-operative and Community Benefit Societies and Credit Unions Act 2010 (c. 7) (“the 2010 Act”). Section 1 of the 2010 Act amends the Industrial and Provident Societies Act 1965 (c. 12) (“the 1965 Act”) to require a new society registered under the 1965 Act, other than a credit union, to be registered as a co-operative society or a community benefit society.