Part 2E+WRegulation of Social Housing

Chapter 7E+WEnforcement powers

Restrictions on dealings [F1by F2... registered providers]E+W

257Restrictions on dealings following inquiryE+W

(1)This section applies if as a result of an inquiry under section 206 or an audit under section 210 the regulator is satisfied [F3that—

(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.

[F4(4A)If the registered provider is a registered charity, the regulator must notify the Charity Commission if it makes an order under this section.]

F5(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(6)An order under this section has effect until revoked by the regulator.