(1)A registered housing association which is a registered charity shall, in respect of its housing activities (and separately from its other activities, if any) be subject to the provisions of Schedule 3 (which impose accounting and audit requirements corresponding to those imposed by the M1Friendly and Industrial and Provident Societies Act 1968).
(2)But this does not affect any obligation of the charity under section 8 of the M2Charities Act 1960 (statement of accounts to be transmitted to Charity Commissioners).