88Regulator assistanceS
(1)The Regulator may give financial or other assistance to a registered social landlord in order to—
(a)preserve its position pending the making or agreement of proposals, or
(b)facilitate implementation of agreed proposals.
(2)In order to facilitate implementation of agreed proposals, the Regulator may give financial or other assistance to—
(a)a manager appointed to implement agreed proposals,
(b)an officer of the registered social landlord.
(3)The Regulator may, in particular—
(a)lend staff,
(b)arrange payment of a manager's remuneration and expenses.
(4)But the Regulator may not—
(a)pay grants,
(b)make loans,
(c)indemnify a manager or officer, or
(d)make payments, or give guarantees, connected with loans (whether secured or otherwise),
without the consent of Ministers.
Commencement Information
I1S. 88 in force at 1.4.2012 by S.S.I. 2012/39, art. 2, Sch. 1 (with Sch. 2)