(1)A registered provider may give the regulator an undertaking in respect of any matter concerning social housing.
(2)The regulator may prescribe a procedure to be followed in giving an undertaking.
(3)In exercising a power under Chapter 6 or 7 the regulator must have regard to any undertaking offered or given.
(4)The regulator may found a decision about whether to exercise a power under Chapter 6 or 7 wholly or partly on the extent to which an undertaking has been honoured.