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Part 2Regulation of Social Housing

Chapter 4Registered providers

Insolvency etc.

145Moratorium

(1)If a step specified in the Table below is taken in respect of a registered provider, a moratorium on the disposal of land by the provider begins.

(2)Where a step specified in the Table is taken in respect of a registered provider, the person specified must give the regulator notice as soon as is reasonably practicable.

(3)If the notice is not given the step is not invalidated (but the end of the moratorium depends on the notice being given — see section 146(2)).

(4)The regulator shall give the HCA a copy of any notice received under this section.

StepPerson
Any step, of a kind prescribed for the purposes of this section by the Secretary of State by order, to enforce a security over land held by a registered providerThe person taking the step

The presenting of a petition for winding up a registered provider which is—

(a)

a registered company, or

(b)

an industrial and provident society

But not the presenting of a petition by the directors or other governing body of the registered provider or by the regulator under section 166

The petitioner

The passing of a resolution for the winding up of a registered provider which is—

(a)

a registered company, or

(b)

an industrial and provident society

The registered provider

A decision by the directors or other governing body of a registered provider to present a petition for winding up where the registered provider is—

(a)

a registered company, or

(b)

an industrial and provident society

The directors or governing body
The making of an administration order in accordance with paragraph 13 of Schedule B1 to the Insolvency Act 1986 in respect of a registered provider which is a registered companyThe person who applied for the order
The appointment of an administrator under paragraph 14 or 22 of that Schedule in respect of a registered provider which is a registered companyThe person making the appointment