Part 2Regulation of Social Housing

Chapter 4Registered providers

Insolvency etc.

158Assistance by regulator

(1)

The regulator may give financial or other assistance to F1the registered provider for the purpose of preserving its position pending F2the regulator deciding whether to exercise the power under section 152 to make proposals and (if proposals are made) the proposals becoming agreed proposals.

(2)

The regulator may give financial or other assistance to F3the 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.