Modifications etc. (not altering text)
C1Pt. 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. 9 11 14 15 17)
Textual Amendments
F1Words 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
F2Word 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)
(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.
Textual Amendments
F3Words in s. 257(1) substituted (1.4.2024) by Social Housing (Regulation) Act 2023 (c. 36), s. 46(3), Sch. 3 para. 14; S.I. 2024/437, reg. 2(y)
F4S. 257(4A) inserted (20.9.2023) by Social Housing (Regulation) Act 2023 (c. 36), ss. 34(3), 46(3); S.I. 2023/1001, reg. 2(o)
F5S. 257(5) omitted (20.9.2023) by virtue of Social Housing (Regulation) Act 2023 (c. 36), ss. 33(c), 46(3); S.I. 2023/1001, reg. 2(n)
Commencement Information
I1S. 257 in force at 1.4.2010 by S.I. 2010/862, art. 2 (with Sch.)