- Latest available (Revised)
- Original (As enacted)
This is the original version (as it was originally enacted).
(1)The Regulator, when making or having made inquiries, may suspend a responsible individual (pending decision on removal or otherwise) where it considers—
(a)that there has been misconduct or mismanagement in a registered social landlord’s financial or other affairs,
(b)that the interests of a registered social landlord’s tenants need protection,
(c)that a registered social landlord’s assets need protection, or
(d)that the responsible individual—
(i)is, during a moratorium under section 75, obstructing the Regulator from performing its functions under Part 7, or
(ii)is not co-operating in accordance with section 84(2).
(2)The Regulator, unless it considers the case to be one of urgency, must give at least 14 days’ notice of its intention to suspend a responsible individual to—
(a)the responsible individual, and
(b)the registered social landlord.
(3)A suspension ceases to have effect—
(a)if the Regulator removes the individual or lifts the suspension, or
(b)where the Regulator does not so act, on the day falling 6 months after the inquiries concerned are concluded.
(4)The Regulator may give the registered social landlord directions about—
(a)the performance of a suspended individual’s functions,
(b)any other matter arising from the suspension,
and may appoint an individual, on such terms as it thinks fit, to perform the suspended individual’s functions.
(5)It is an offence for a suspended individual to take any action in relation to the management or control of—
(a)the registered social landlord concerned, or
(b)any other registered social landlord,
without the Regulator’s consent.
(6)An individual guilty of such an offence is liable on summary conviction to a fine not exceeding level 5 on the standard scale.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
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
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: