Part 2Regulation of Social Housing
Chapter 4Registered providers
Restructuring and dissolution
168Section 167: supplemental
(1)
This section applies to property transferred to the regulator in accordance with section 167(2)(a).
(2)
The regulator may dispose of the property only to a non-profit registered provider.
(3)
Where the registered provider wound up or dissolved was a charity, the regulator may dispose of the property only to a registered provider—
(a)
which is a charity, and
(b)
whose objects the regulator thinks are similar to those of the original charity.
(4)
If the property includes land subject to a mortgage or charge, the regulator may dispose of the land—
(a)
subject to that mortgage or charge, or
(b)
subject to a new mortgage or charge in favour of the regulator.