C1Part 2Regulation of Social Housing

Annotations:
Modifications etc. (not altering text)

Chapter 4Registered providers

Insolvency etc.

I1148Effect of moratorium

1

During a moratorium F1neither the HCA F2, nor the Greater London Authority, may—

a

F4... give the registered provider a direction under section 32(4), F3or

b

F5... take steps to enforce such a direction against the registered provider.

2

During a moratorium a disposal of the registered provider's land requires the regulator's prior consent.

3

Section 149 sets out exceptions to subsection (2).

4

Consent—

a

may be given before the moratorium begins, and

b

may be subject to conditions.

5

This section does not prevent a liquidator from disclaiming land as onerous property during a moratorium.

6

In this section “land” includes a present or future interest in rent or other receipts arising from land.