Part I

Social Rented Sector regulated by the Welsh Ministers
Chapter IV

General powers of the Relevant Authority

Insolvency, &c. of registered social landlord

Initial notice to be given to the Welsh Ministers.
40
1
Notice must be given to the Welsh Ministers before any of the steps mentioned below is taken in relation to a registered social landlord.
The person by whom the notice must be given is indicated in the second column.
2
Where the registered social landlord is a registered society, the steps and the person by whom notice must be given are—
Any step to enforce any security over land held by the landlord. | The person proposing to take the step.
Presenting a petition for the winding up of the landlord. | The petitioner.
Passing a resolution for the winding up of the landlord. | The landlord.
3
Where the registered social landlord is a company (including a registered charity), the steps and the person by whom notice must be given are—
Any step to enforce any security over land held by the landlord. | The person proposing to take the step.
Applying for an administration order. | The applicant.
Presenting a petition for the winding up of the landlord. | The petitioner.
Passing a resolution for the winding up of the landlord. | The landlord.
4
Where the registered social landlord is a registered charity (other than a company ), the steps and the person by whom notice must be given are—
Any step to enforce any security over land held by the landlord. | The person proposing to take the step.
5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
Any step purportedly taken without the requisite notice being given under this section is ineffective.
7
Subsections (8) and (9) apply in relation to the reference in subsection (3) to applying for an administration order.
8
In a case where an administrator is appointed under paragraph 14 or 22 of Schedule B1 to the Insolvency Act 1986 (appointment by floating charge holder, company or directors)—
a
the reference includes a reference to appointing an administrator under that paragraph, and
b
in respect of an appointment under either of those paragraphs the reference to the applicant shall be taken as a reference to the person making the appointment.
9
In a case where a copy of a notice of intention to appoint an administrator under either of those paragraphs is filed with the court—
a
the reference shall be taken to include a reference to the filing of the copy of the notice, and
b
in respect of the filing of a copy of a notice of intention to appoint under either of those paragraphs the reference to the applicant shall be taken as a reference to the person giving the notice.
Words in Pt. I substituted (1.11.1998) by 1998 c. 38, s. 140, Sch. 16 para. 82(1)(2) (with ss. 139(2), 141(1), 143(2)); S.I. 1998/2244, art.5.
Part I (ss. 1-64) amended (1.10.1996) by S.I. 1996/2325, art.3
S. 40(7)-(9) added (15.9.2003) by Enterprise Act 2002 (c. 40), s. 279, Sch. 17 para. 51 (with s. 249(1)-(3)); S.I. 2003/2093, art. 2(1), Sch. 1 (with art. 3)
Words in s. 40(3)(4) substituted (1.10.2009) by The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941), art. 1(2), Sch. 1 para. 161(2)(b) (with art. 10)
Pt. 1: The system of "registered social landlords" under this Part is replaced (8.9.2008 for specified purposes and 1.12.2008, 16.2.2009, 1.4.2009, 7.9.2009 and 1.4.2010 for further purposes) by Housing and Regeneration Act 2008 (c. 17), Pt. 2. This Part continues to apply in relation to Wales with certain provisions applied in relation to England and certain provisions preserved although they apply to England only, see s. 60 of the affecting Act; S.I. 2008/2358, art. 3; S.I. 2008/3068, art. 3 (with arts. 6-13); S.I. 2009/363, art. 2; S.I. 2009/803, art. 7; S.I. 2009/2096, art. 2(1); S.I. 2010/862, art. 2 (with Sch.)
Pt. I title substituted (1.4.2010) by Housing and Regeneration Act 2008 (c. 17), ss. 61(1), 325(1); S.I. 2010/862, art. 2 (with Sch.)
Words in Pt. I substituted (1.4.2010) by Housing and Regeneration Act 2008 (c. 17), ss. 61(7), 325(1); S.I. 2010/862, art. 2 (with Sch.)
Words in Pt. I title substituted (18.10.2011) by Housing (Wales) Measure 2011 (nawm 5), s. 90(2), Sch. para. 2; S.I. 2011/2475, arts. 1(2), 2(u)
Words in Act substituted (1.8.2014) by Co-operative and Community Benefit Societies Act 2014 (c. 14), s. 154, Sch. 4 para. 56 (with Sch. 5)
S. 40(5) omitted (15.8.2018) by virtue of The Regulation of Registered Social Landlords (Wales) Act 2018 (Consequential Amendments) Regulations 2018 (S.I. 2018/870), regs. 1(2), 3