Section 4Part 2 — Appointment of a Registrar of Non-Profit Organisations
Functions of the Registrar
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4. (1) The functions of the Registrar include —
receiving and processing applications for registration as a non-profit organisation;
obtaining annually, through annual returns, information on —
the purposes and activities of the non-profit organisation; organisation;
the identity of the person who owns, controls or directs the non-profit
receiving annual financial statements;
ensuring that all non-profit organisations have appropriate internal controls in place including an appropriate system to identify conduct which may involve the financing of terrorism;
ensuring that the financial statements relating to a non-profit organisation are preserved for a minimum of five years;
investigating or authorising the investigation of a non-profit organisation that is suspected of operating illegally;
guiding non-profit organisations with regard to best practices;
periodically assessing the characteristics and activities of the non-profit organisation sector in the Islands in order to identify vulnerabilities to terrorist financing activities; and
performing any other function conferred by this Law or that the Minister, after consultation with the Cabinet, may direct the Registrar to perform.
The Registrar may, after consultation with the Minister, by instrument in writing, delegate to a public officer appointed under section 3(2) any of the Registrar’s functions specified under subsection (1).
The assignment or delegation of any function of the Registrar under this Law shall not prevent the exercise of that function by the Registrar. Section 5 Non-Profit Organisations Law (2020 Revision) Page 8 Revised as at 31st December, 2019 c