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(1)This section applies in relation to a private registered provider that is—
(a)a company,
(b)a registered society within the meaning of the Co-operative and Community Benefit Societies Act 2014, or
(c)a charitable incorporated organisation within the meaning of Part 11 of the Charities Act 2011
(2)A person may not take any step to enforce a security over property of the registered provider unless—
(a)notice of the intention to do so has been given to the Regulator of Social Housing and a period of at least 28 days has elapsed since the notice was given, or
(b)the Regulator of Social Housing has waived the notice requirement in paragraph (a).
(3)In the case of a company which is a foreign company, the reference to the property of the company is to its property in the United Kingdom.
(4)The Regulator of Social Housing must give the Secretary of State a copy of any notice given under subsection (2)(a).
(5)The Regulator of Social Housing may waive the notice requirement under subsection (2)(a) only with the consent of the Secretary of State.
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