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- Original (As enacted)
This is the original version (as it was originally enacted).
(1)The Regulator may set financial management or governance targets specifying standards of financial management or governance which registered social landlords must aim to achieve by a specified time.
(2)Different financial management or governance targets, or different times, may be set for different registered social landlords or for different cases.
(3)Before issuing, revising or withdrawing a financial management or governance target, the Regulator must consult—
(b)tenants of registered social landlords or their representatives,
(c)registered social landlords or their representatives, and
(d)secured creditors of registered social landlords or their representatives.
This subsection does not apply where—
(i)the financial management or governance target affects only one registered social landlord, or
(ii)the Regulator considers that there is an urgent need to set the financial management or governance target.
(4)The Regulator must make arrangements for bringing a financial management or governance target (and any revision or withdrawal) to the attention of affected registered social landlords.
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Text created by the Scottish Executive department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Acts of the Scottish Parliament except those which result from Budget Bills
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