SCHEDULES
SCHEDULE 1 Registered social landlords: regulation
Part IV Inquiry into affairs of registered social landlords
Powers exercisable on interim basis
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1
The F1Relevant Authority may make an order under this paragraph—
a
where an inquiry has been directed under paragraph 20 and the F1Relevant Authority has reasonable grounds to believe—
i
that there has been misconduct or mismanagement in the affairs of the registered social landlord, and
ii
that immediate action is needed to protect the interests of the tenants of the registered social landlord or to protect the assets of the landlord; or
b
where an interim report has been made under paragraph 20(5) as a result of which the F1Relevant Authority is satisfied that there has been misconduct or mismanagement in the affairs of a registered social landlord.
2
The orders that may be made under this paragraph are—
a
an order suspending any officer, employee or agent of the registered social landlord who appears to the F1Relevant Authority to have been responsible for or privy to the misconduct or mismanagement or by his conduct to have contributed to or facilitated it;
b
an order directing any bank or other person who holds money or securities on behalf of the registered social landlord not to part with the money or securities without the approval of the F1Relevant Authority;
c
an order restricting the transactions which may be entered into, or the nature or amount of the payments which may be made, by the registered social landlord without the approval of the F1Relevant Authority.
F22A
Before making an order under sub-paragraph (2)(b) or (c) the Welsh Ministers must take all reasonable steps to give notice to the registered social landlord and, in the case of an order under sub-paragraph (2)(b), to the person to whom the order is directed.
3
4
A person suspended by an order under sub-paragraph (2)(a) may appeal against the order to the High Court.
5
6
A person who contravenes an order under sub-paragraph (2)(b) commits an offence and is liable on summary conviction to a fine not exceeding level 5 on the standard scale or imprisonment for a term not exceeding three months, or both.
Proceedings for such an offence may be brought only by or with the consent of the F1Relevant Authority or the Director of Public Prosecutions.