Valid from 01/04/2010
(1)Sums in a registered provider's disposal proceeds fund may be used or allocated only in accordance with a direction by the regulator.
(2)The regulator may give a direction only with the Secretary of State's approval.
(3)If at the end of a period specified by the regulator the disposal proceeds fund includes sums which have not been allocated in accordance with subsection (1), the regulator may require the registered provider to pay the sums to the HCA.