(1)The Regulator’s general functions are—
(a)to keep a publicly available register of social landlords, and
(b)to monitor, assess and report regularly on (and, where appropriate, to make regulatory interventions relating to)—
(i)social landlords’ performance of housing activities, and
(ii)registered social landlords’ financial well-being and standards of governance.
(2)The Regulator must perform its functions in a way which—
(a)is proportionate, accountable and transparent,
(b)is targeted only where action is needed,
(c)encourages equal opportunities and in particular the observance of the requirements of the law for the time being relating to equal opportunities, and
(d)is consistent with any other principle which appears to it to represent best regulatory practice.