Part 5Regulatory intervention
Managerial appointment
I159Appointment of manager: supplementary
1
It is for the Regulator to determine the terms on which a manager is to be appointed under section 57 or 58 (including F3, subject to subsection (1A), as to period of appointment and remuneration and expenses).
F11A
The appointment is to be only for so long as is necessary to rectify the failure which gave rise to the manager's appointment.
2
It is for the social landlord to pay the manager's remuneration and expenses.
3
A manager has—
a
general powers to do anything required to perform the manager's functions (including power to enter into agreements or do anything else which the social landlord has power to do), and
b
such specific powers as the Regulator may specify.
F24
The Regulator may give a manager directions about the rectification of the failure which gave rise to the manager's appointment.
4A
The manager—
a
must comply with such directions,
b
may be removed by the Regulator on failure to so comply.
5
A manager acts as the social landlord's agent and is accordingly not personally liable on an agreement entered into as manager.
6
Anyone dealing with a manager in good faith and for value need not inquire whether the manager is acting within the powers conferred by virtue of this section.