40CID entity initial report

40 CID entity initial report

40 CID entity initial report

(1) A CID entity for an approved CID proposal must give to the Authority, within 6 months after the date of approval of the CID proposal, a report including the following information—

(a) a business plan for the CID entity’s first financial year approved by the committee of the CID entity,

(b) a copy of the conflict of interest policy required under section 38(1)(b), with details of conflicts of interest, if any, identified during the period after the date of approval and how the conflicts were managed,

(c) a copy of each agreement required under section 39,

(d) copies of valid insurance certificates, if any, issued to the CID entity,

(e) evidence that the CID entity has caused a website to be established where the following information is publicly available—

(i) a copy of the approval of the CID proposal,

(ii) copies of the minutes of general meetings or annual general meetings of the CID entity, if any,

(iii) a copy of the information referred to in paragraphs (a)–(d),

(iv) an explanation that business land owners and CID businesses are eligible for free membership of the CID entity and details of how to become a member,

(v) a link to the Authority’s website.

(2) The CID entity—

(a) must make a copy of the report publicly available on the CID entity’s website, and

(b) may modify the copy of the report, before publication, to remove information that is personal information.

s 40: Ins 2025 (622), Sch 1[2].