C1Part 2Regulation of Social Housing
Chapter 7Enforcement powers
Restrictions on dealings F1by F4... 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
Word in s. 256 cross-heading omitted (1.4.2024) by virtue of The Social Housing (Regulation) Act 2023 (Consequential and Miscellaneous Amendments) Regulations 2024 (S.I. 2024/399), reg. 1(7), Sch. 1 para. 1(8); S.I. 2024/437, reg. 2(y)
I1257Restrictions on dealings following inquiry
1
This section applies if as a result of an inquiry under section 206 or an audit under section 210 the regulator is satisfied F5that—
a
the affairs of a private registered provider have been mismanaged, or
b
a private registered provider has failed to meet a standard under section 194.
2
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.
3
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.
4
An order under subsection (3) may in particular provide that transactions may not be entered into or payments made without the regulator's consent.
F24A
If the registered provider is a registered charity, the regulator must notify the Charity Commission if it makes an order under this section.
F35
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6
An order under this section has effect until revoked by the regulator.
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)