C1Part 2Regulation of Social Housing

Annotations:
Modifications etc. (not altering text)

Chapter 4Registered providers

Insolvency etc.

I1146Duration of moratorium

1

The moratorium begins when the step specified in section 145 is taken.

2

The moratorium ends (unless extended or cancelled) with the period of 28 working days beginning with the day on which the regulator receives notice under section 145(2).

3

During a moratorium the regulator may extend it (or further extend it) for a specified period, with the consent of each secured creditor of the registered provider whom the regulator is able to locate after making reasonable enquiries.

4

If the regulator extends a moratorium it shall notify—

a

the registered provider, F2and

b

any liquidator, administrator, administrative receiver or receiver appointed in respect of the registered provider or its land, F6...

F3c

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F44A

If the regulator extends a moratorium in respect of a private registered provider who owns land in Greater London, the regulator shall also notify the Greater London Authority.

5

During a moratorium the regulator may cancel it if satisfied that it is unnecessary to make proposals under section 152.

6

Before cancelling a moratorium the regulator must consult the person who took the step that triggered it.

7

When a moratorium ends the regulator shall give notice, and (except in the case of cancellation) an explanation of section 147, to—

a

the registered provider, and

b

such of its secured creditors as the regulator is able to locate after making reasonable enquiries.

F18

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F58A

When a moratorium in respect of a private registered provider who owns land in Greater London ends, the regulator shall also give notice to the Greater London Authority.

9

Taking a further step during a moratorium does not—

a

start a new moratorium, or

b

alter the existing moratorium's duration.