In Plain Speak:
Subchapter 7: Stewardship Collectives & Cooperatives
§ 5481. Authorized collectives & collaborative organizations of standards
· Collectives of registered stewards can collaborate without the legal structures of a firm as defined in Subchapter 5.
· Defines the operational specifics.
· Permits non-profit collectives to exist.
§ 5482. Regulatory accountability and exceptions of collectives and cooperatives
· Terms of testing and compliance within self-organized collectives and cooperatives.
§ 5483. EFFECTIVE DATE
· Makes it law