Part 5Regulatory intervention
Introductory
I1I254Code of practice: regulatory intervention
1
The Regulator must issue a code of practice on regulatory interventions setting out how it intends to make decisions referred to in section 53(1).
2
The code of practice may, in particular, set out examples of situations in which it may make a regulatory intervention.
3
The code of practice must be kept under review and must be re-issued (with any revisions which the Regulator thinks appropriate) at least once every 5 years.
4
Before issuing a code of practice, the Regulator must consult—
a
Ministers,
b
tenants of social landlords or their representatives,
c
homeless persons or bodies representing the interests of homeless persons,
d
recipients of housing services provided by social landlords or their representatives,
e
social landlords or their representatives,
f
secured creditors of registered social landlords or their representatives, and
g
the Accounts Commission for Scotland.
5
The Regulator must make arrangements for bringing the issued code of practice to the attention of social landlords.