These Regulations came into force on 21 September 2012 and apply to England only.

They are made in accordance with the Localism Act 2011 and contain details about the assets of community value for the purpose of that Act.

Legislative background

The Localism Act 2011 contains provisions regarding assets of community value.

The assets scheme requires a local authority to maintain a list of buildings and other land in its area that are considered to be of community value.

As a result, when such land is to be sold, local community groups will have the opportunity to...

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