Part 2Regulation of Social Housing

Chapter 4Registered providers

Insolvency etc.

158Assistance by regulator

1

The regulator may give financial or other assistance to a registered provider for the purpose of preserving its position pending the agreement of proposals.

2

The regulator may give financial or other assistance to a registered provider, or a manager appointed under section 155, to facilitate the implementation of agreed proposals.

3

In particular, the regulator may—

a

lend staff;

b

arrange payment of the manager’s remuneration and expenses.

4

The regulator may do the following only with the Secretary of State’s consent—

a

make grants,

b

make loans,

c

indemnify a manager,

d

make payments in connection with secured loans, and

e

guarantee payments in connection with secured loans.