C1Part 2Regulation of Social Housing
Chapter 7Enforcement powers
Restrictions on dealings F1by non-profit registered providers
Words in cross-heading before s. 256 inserted (1.4.2010) by The Housing and Regeneration Act 2008 (Registration of Local Authorities) Order 2010 (S.I. 2010/844), art. 1(2), Sch. 1 para. 72
I1256Restrictions on dealings during inquiry
1
The regulator may make an order under this section if—
a
an inquiry under section 206 is in progress in respect of a non-profit registered provider, and
b
either of the following cases applies.
2
Case 1 applies if the regulator has reasonable grounds for believing—
a
that the affairs of the registered provider have been mismanaged, and
b
that the interests of tenants of the registered provider, or its assets, require protection.
3
Case 2 applies if as a result of an inquirer's interim report under section 207 the regulator is satisfied that the affairs of the registered provider have been mismanaged.
4
The regulator may order a bank or other person who holds money or securities on behalf of the registered provider not to part with the money or securities without the regulator's consent.
5
The regulator may make an order restricting—
a
the transactions that may be entered into by the registered provider, or
b
the nature and amounts of payments that may be made by it.
6
An order under subsection (5) may in particular provide that transactions may not be entered into or payments made without the regulator's consent.
7
The regulator may make an order in respect of a registered provider that is a registered charity only if it has received public assistance.
8
An order ceases to have effect at the end of the period of 6 months beginning with the day on which the inquirer's final report under section 207 is made.
9
But the regulator—
a
may revoke the order before that time;
b
may by order extend it for a specified period of up to 6 months.
Pt. 2 modified (1.4.2012) by Localism Act 2011 (c. 20), s. 240(2), Sch. 16 para. 69(2); S.I. 2012/628, art. 6(i) (with arts. 911141517)