Monday, November 05, 2012

OSCR publishes paper to help Scottish charities release restricted funds | Third Sector

OSCR publishes paper to help Scottish charities release restricted funds | Third Sector: Guidance explains how to unlock assets that cannot be used because of outdated restrictions

The Office of the Scottish Charity Regulator has published a guidance paper on new legislation aimed at making it easier for charities in Scotland to free up restricted funds for charitable purposes.

Under the Charities Restricted Funds Reorganisation (Scotland) Regulations 2012, which came into effect on Thursday, charities can apply to the OSCR to unlock assets that cannot be used because of outdated restrictions.

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