The Industrial and Provident Societies (Increase in Shareholding Limit) Order 2014

This Order increases from £20,000 to £100,000 the amount specified in section 6(1) of the Industrial and Provident Societies Act 1965 (c. 12) (“the Act”). That amount is the maximum interest in the withdrawable shares of a society registered under the Act which may be held by a member (other than a member who is not subject to the maximum shareholding limit).