Commentary on Sections Academies: other provisions Section 12:  Charitable status of Academy proprietors etc
35.This section applies to the legal entities that enter into Academy arrangements with the Secretary of State. If these entities (‘Academy proprietors’) comply with the requirements of subsection (2) then they will be qualifying Academy proprietors for the purposes of the section and will be treated as charities (under subsection (1)).
36.Subsection (4) provides that they will be exempt charities and will thus not need to register with, or be regulated by, the Charity Commission.  The Cabinet Office will appoint a principal regulator for such Academy proprietors.