42U.K.Section 5 (effect of approval of voluntary arrangements) is to have effect as if after subsection (4) there were inserted—
“(4A)Where the company is in housing administration, the court must not make an order or give a direction under subsection (3) unless—
(a)the court has given the Secretary of State or the Regulator of Social Housing a reasonable opportunity of making representations to it about the proposed order or direction, and
(b)the order or direction is consistent with the objectives of the housing administration.
(4B)In subsection (4A) “in housing administration” and “objectives of the housing administration” are to be read in accordance with Schedule B1 to this Act, as applied by Part 1 of Schedule 5 to the Housing and Planning Act 2016.”
Commencement Information
I1Sch. 5 para. 42 in force at 5.7.2018 by S.I. 2018/805, reg. 3(b)