The New Towns (Transfer of Housing Stock) Regulations 1990

Approved Persons

5.—(1) A person is an approved person for the purposes of disposals under these Regulations if approved by the Housing Corporation under this regulation.

(2) The Housing Corporation shall establish (and may from time to time vary) criteria to be satisfied by a person seeking approval under this regulation, and, in deciding whether to give such approval, the Housing Corporation shall have regard to whether the person satisfies those criteria.

(3) An approval under this regulation—

(a) shall only be given to a person making an application; and

(b) shall apply in relation to all the housing stock of new town corporations, or such housing stock or housing stock of such description as may be specified in the approval; and

(c) may be made conditional upon the person concerned entering into such undertakings as may be specified by the Housing Corporation.

(4) If it appears to the Housing Corporation appropriate to do so (whether by reason of a failure to honour an undertaking or to meet any criteria or for any other reason), the Housing Corporation may revoke an approval given under this regulation by notice to the approved person; but such revocation shall not affect any disposal completed before the notice is served or completed after such service in pursuance of a contract entered into before such service.