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Part 9SDisposal of land or assets by registered social landlords

109[F1Notification of disposals]S

[F2(1)A registered social landlord must notify the Regulator of any disposal of land or any other asset as soon as reasonably practicable (and, where section 107(4) applies, no later than 28 days) after the disposal is made.

(2)The Regulator may make a determination—

(a)dispensing with the notification requirement in subsection (1),

(b)where section 107(4) applies, extending the period mentioned in that subsection.]

(3)A determination may be given generally or for particular purposes (and different determinations may be issued for different social landlords or for different areas or properties).

(4)Before issuing, revising or withdrawing a general determination, the Regulator must consult—

(a)Ministers,

(b)tenants of social landlords or their representatives,

(c)registered social landlords or their representatives, and

(d)secured creditors of registered social landlords or their representatives.

(5)The Regulator need not consult on a specific determination relating only to one or more particular registered social landlords or properties.

Textual Amendments

Commencement Information

I1S. 109(1)-(3) (5) in force at 1.4.2012 by S.S.I. 2012/39, art. 2, Sch. 1 (with Sch. 2)

I2S. 109(4) in force at 1.4.2011 for specified purposes by S.S.I. 2011/96, art. 2, Sch.

I3S. 109(4) in force at 1.4.2012 in so far as not already in force by S.S.I. 2012/39, art. 2, Sch. 1 (with Sch. 2)