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Localism Act 2011
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- UK Public General Acts
- 2011 c. 20
- SCHEDULE 17
- Paragraph 5
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5(1)Section 194 (management of financial and other affairs of registered providers) is amended as follows.
(2)In the heading for “Management” substitute “Standards relating to economic matters”.
(3)In subsection (1) omit “the management of”.
(4)After that subsection insert—
“(1A)Standards under subsection (1) may, in particular, require private registered providers to comply with specified rules about—
(a)the management of their financial and other affairs, and
(b)their efficiency in carrying on their financial and other affairs.”
(5)After subsection (2) insert—
“(2A)The regulator may set standards for registered providers requiring them to comply with specified rules about their levels of rent (and the rules may, in particular, include provision for minimum or maximum levels of rent or levels of increase or decrease of rent).”
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