Part 2Regulation of Social Housing
Chapter 4Registered providers
Accounts
127Directions
I21
The regulator may give directions to F1private registered providers about the preparation of their accounts.
I22
A direction may be given to a profit-making registered provider only in so far as its accounts relate to social housing activities.
I23
The power must be exercised with a view to ensuring that accounts—
a
are prepared in proper form, and
b
present a true and fair view of—
i
the state of affairs of each registered provider in relation to its social housing activities, and
ii
the disposition of funds and assets which are, or have been, in its hands in connection with those activities.
I24
A direction may require a registered charity to use a specified method for distinguishing in its accounts between—
a
matters relating to its social housing activities, and
b
other matters.
I25
A direction—
a
may make provision that applies generally or only to specified cases, circumstances or registered providers, and
b
may make different provision for different cases, circumstances or registered providers.
I1I36
A direction that relates to more than one registered provider may be given only after consulting one or more bodies appearing to the regulator to represent the interests of F2private registered providers.
I27
The regulator shall make arrangements for bringing a direction to the attention of every registered provider to which it applies.