Part 2 E+W Regulation of Social Housing

Chapter 4 E+W Registered providers

Restructuring and dissolution E+W

168 Section 167: supplemental E+W

(1) This section applies to property transferred to the regulator in accordance with section 167(2)(a).

(2) The regulator may dispose of the property only to a non-profit registered provider.

(3) Where the registered provider wound up or dissolved was a charity, the regulator may dispose of the property only to a registered provider—

(a) which is a charity, and

(b) whose objects the regulator thinks are similar to those of the original charity.

(4) If the property includes land subject to a mortgage or charge, the regulator may dispose of the land—

(a) subject to that mortgage or charge, or

(b) subject to a new mortgage or charge in favour of the regulator.

Commencement Information

I1 S. 168 in force at 1.4.2010 by S.I. 2010/862, art. 2 (with Sch.)