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(a)must prepare a statement setting out how it intends to perform its functions,
(b)must review that statement from time to time (and may revise it following such a review), and
(c)must publish that statement (and any revision).
(2)The statement must include information on how the Regulator intends—
(a)to meet its objective, and
(b)to perform its functions in the way described in section 3(2).
(3)In preparing the statement the Regulator must take into account the different types of social landlord, for example by taking into account—
(a)legal status and governance arrangements,
(b)property owned or managed,
(d)number of employees.
(4)Before preparing the statement (and when reviewing it), the Regulator must—
(a)have regard to the interests of persons who may become—
(ii)tenants of social landlords, and
(ii)tenants of social landlords or their representatives,
(iii)homeless persons or bodies representing the interests of homeless persons,
(iv)recipients of housing services provided by social landlords or their representatives,
(v)social landlords or their representatives,
(vi)secured creditors of registered social landlords or their representatives, and
(vii)the Accounts Commission for Scotland.
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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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