ACF responds to the Charity Commission’s statement on CC14 investment guidance

16 November 2022

We welcome the new statement from the Charity Commission following the High Court judgment (Butler-Sloss v Charity Commission) on the Charities and investment matters: a guide for trustees (CC14) guidance. 

ACF’s membership of over 440 foundations and grant-makers collectively hold assets of over £50bn. Based on discussions with our members, ACF stated in its response to the listening exercise that investment guidance should be framed around the notion that responsible investing is expected, rather than something to be justified.

We are pleased that there will be a wider redesign of CC14, which aims to ensure the guidance is easy to follow, includes examples, and enables charity trustees to better understand the law around making financial investments on behalf of their charity. 

We look forward to working with our members and the Commission as the guidance is developed and tested.