Housing (Scotland) Act 2010

73 Notification of step towards insolvency etc.

(1) A person specified in the following table must notify the Regulator—

(a) before taking a step so specified, and

(b) as soon as reasonably practicable after such a step is taken.

Person	Step
The person taking the step	A step to enforce a security over a registered social landlord’s land
The petitioner	Presenting a petition for the winding up of a registered social landlord (but not the presenting of a petition by the Regulator under section 105)
The registered social landlord	Notice being given (in accordance with the constitution of the body to those entitled to vote on the resolution) of the proposal of a resolution for the winding up of a registered social landlord
The person who applied for the order	Applying for, or making, an administration order in respect of a registered social landlord which is a registered company
The person making the appointment	Appointing an administrator in respect of a registered social landlord which is a registered company

(2) The Regulator may determine for the purposes of this Part what is meant by a step to enforce a security over a registered social landlord’s land.

(3) Before making, revising or withdrawing a determination, the Regulator must consult—

(a) Ministers,

(b) registered social landlords or their representatives, and

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

(4) The Regulator must make arrangements for bringing any determination (and any revision or withdrawal) to the attention of those affected by it.