43AAppointment of interim manager

1

During a moratorium the Welsh Ministers may appoint an interim manager of the registered social landlord.

2

An appointment may relate to the registered social landlord’s affairs generally or to affairs specified in the appointment.

3

But an appointment may not relate to affairs relating only to the provision of housing in England.

4

Appointment is to be on terms and conditions (including as to remuneration and expenses) specified in, or determined in accordance with, the appointment.

5

An interim manager has—

a

any power specified in the appointment, and

b

any other power in relation to the registered social landlord’s affairs required by the manager for the purposes specified in the appointment (including the power to enter into agreements and take other action on behalf of the landlord).

6

But an interim manager may not—

a

dispose of land, or

b

grant security over land.

7

The Welsh Ministers may give the interim manager general or specific directions.

8

The Welsh Ministers may revoke or amend any directions given.

9

An appointment under this section comes to an end with the earliest of the following—

a

the end of the moratorium,

b

the agreement of proposals made under section 44, or

c

a date specified in the appointment.

10

If a person ceases to be an interim manager before the appointment has come to an end, the Welsh Ministers may appoint a new interim manager in place of that person.