168Section 167: supplemental
This section has no associated Explanatory Notes
(1)This section applies to property transferred to the regulator in accordance with section 167(2)(a).
(2)The regulator may dispose of the property only to a non-profit registered provider.
(3)Where the registered provider wound up or dissolved was a charity, the regulator may dispose of the property only to a registered provider—
(a)which is a charity, and
(b)whose objects the regulator thinks are similar to those of the original charity.
(4)If the property includes land subject to a mortgage or charge, the regulator may dispose of the land—
(a)subject to that mortgage or charge, or
(b)subject to a new mortgage or charge in favour of the regulator.