257Restrictions on dealings following inquiryE+W
(1)This section applies if as a result of an inquiry under section 206 or an audit under section 210 the regulator is satisfied that the affairs of a non-profit registered provider have been mismanaged.
(2)The regulator may order a bank or other person who holds money or securities on behalf of the registered provider not to part with the money or securities without the regulator's consent.
(3)The regulator may make an order restricting—
(a)the transactions that may be entered into by the registered provider, or
(b)the nature and amounts of payments that may be made by it.
(4)An order under subsection (3) may in particular provide that transactions may not be entered into or payments made without the regulator's consent.
(5)The regulator may make an order in respect of a registered provider that is a registered charity only if it has received public assistance.
(6)An order under this section has effect until revoked by the regulator.
Commencement Information
I1S. 257 in force at 1.4.2010 by S.I. 2010/862, art. 2 (with Sch.)