5(1)A social landlord wishing to withdraw from membership of an approved scheme shall send notice of his proposed withdrawal to the Corporation.
(2)The notice shall specify—
(a)the housing activities in relation to which he is subject to investigation under the scheme,
(b)the approved scheme or schemes of which he is also a member or will, on his withdrawal, become a member, and
(c)under which scheme or schemes the housing activities mentioned in paragraph (a) will be subject to investigation after his withdrawal.
(3)If the Corporation is satisfied that withdrawal by the landlord from the scheme will not result in a failure to comply with his duty under paragraph 1, it shall confirm the landlord’s withdrawal from the scheme.
(4)If the Corporation is not so satisfied, it shall withhold confirmation of the landlord’s withdrawal from the scheme; and the landlord shall continue to be a member of the scheme and bound and entitled under the scheme accordingly.