Part 7

Registered social landlords: insolvency etc.

Moratorium

Period of moratorium
76
1
A moratorium ends (unless extended or cancelled) 56 days after notice of the step in respect of which it began is given under section 73(1)(b).
2
The Regulator may extend the moratorium from time to time (but may do so only with the consent of all of the registered social landlord’s secured creditors whom the Regulator can locate after making reasonable enquiries).
3
The Regulator must give notice of any extension to—
a
the registered social landlord, and
b
any liquidator, administrative receiver, receiver or administrator appointed in respect of the registered social landlord or its land.
4
The Regulator may, after consulting the person whose step triggered a moratorium, cancel the moratorium where it considers that the proper management of the registered social landlord’s land can be secured without making proposals under section 80.
5
The Regulator must give notice of a moratorium ending to—
a
the registered social landlord, and
b
all of the registered social landlord’s secured creditors whom the Regulator can locate after making reasonable enquiries.
6
Such a notice must (except where the moratorium has been cancelled) include an explanation of section 77.