Valid from 01/04/2010
158Assistance by regulatorE+W
This section has no associated Explanatory Notes
(1)The regulator may give financial or other assistance to a registered provider for the purpose of preserving its position pending the agreement of proposals.
(2)The regulator may give financial or other assistance to a registered provider, or a manager appointed under section 155, to facilitate the implementation of agreed proposals.
(3)In particular, the regulator may—
(a)lend staff;
(b)arrange payment of the manager's remuneration and expenses.
(4)The regulator may do the following only with the Secretary of State's consent—
(a)make grants,
(b)make loans,
(c)indemnify a manager,
(d)make payments in connection with secured loans, and
(e)guarantee payments in connection with secured loans.