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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.