C1Part 2Regulation of Social Housing
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.
Pt. 2 modified (1.4.2012) by Localism Act 2011 (c. 20), s. 240(2), Sch. 16 para. 69(2); S.I. 2012/628, art. 6(i) (with arts. 911141517)