Housing (Scotland) Act 2010 (asp 17)

Part 10 S Special procedure for disposals and restructuring resulting in change of landlord

[F1 CHAPTER 3 S REGISTERED SOCIAL LANDLORD BECOMING A SUBSIDIARY OF ANOTHER BODY

Textual Amendments

F1 Pt. 10 Ch. 3 inserted (20.11.2014) by Housing (Scotland) Act 2014 (asp 14), ss. 98(2), 104(3); S.S.I. 2014/264, art. 2, Sch.

124A Regulator's consent S

(1) The special procedure set out in sections 114 to 121 of Chapter 1 applies in relation to an arrangement to which the Regulator's consent is required under section 104A as it applies in relation to a disposal to which Chapter 1 applies.

(2) The Regulator must determine that the special procedure is not to apply or is to cease to apply where the Regulator considers that—

(a) the registered social landlord's viability is in jeopardy for financial reasons,

(b) a person could take a step in relation to the registered social landlord which would require to be notified to the Regulator under section 73, and

(c) the determination under this subsection would substantially reduce the likelihood of a person taking such a step.

(3) Where the Regulator makes a determination under subsection (2), the Regulator may give or refuse consent to the arrangement.]