- Latest available (Revised)
- Original (As enacted)
This is the original version (as it was originally enacted).
(1)A person specified in the following table must notify the Regulator—
(a)before taking a step so specified, and
(b)as soon as reasonably practicable after such a step is taken.
|The person taking the step||A step to enforce a security over a registered social landlord’s land|
|The petitioner||Presenting a petition for the winding up of a registered social landlord (but not the presenting of a petition by the Regulator under section 105)|
|The registered social landlord||Notice being given (in accordance with the constitution of the body to those entitled to vote on the resolution) of the proposal of a resolution for the winding up of a registered social landlord|
|The person who applied for the order||Applying for, or making, an administration order in respect of a registered social landlord which is a registered company|
|The person making the appointment||Appointing an administrator in respect of a registered social landlord which is a registered company|
(2)The Regulator may determine for the purposes of this Part what is meant by a step to enforce a security over a registered social landlord’s land.
(3)Before making, revising or withdrawing a determination, the Regulator must consult—
(b)registered social landlords or their representatives, and
(c)secured creditors of registered social landlords or their representatives.
(4)The Regulator must make arrangements for bringing any determination (and any revision or withdrawal) to the attention of those affected by it.
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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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