EXPLANATORY NOTE
(This note is not part of the Order)
Section 83 of the Enterprise and Regulatory Reform Act 2013 provides that the Secretary of State may require persons who engage in lettings agency work to belong either to a redress scheme that has been approved by the Secretary of State or to a government administered redress scheme. Section 84 of that Act provides that the Secretary of State may require persons who engage in property management work to belong either to an approved or to a government administered redress scheme.
This Order sets out the procedure that applies where an application for approval is made; the conditions that must be satisfied before the Secretary of State may approve a redress scheme; the conditions that must be satisfied before the Secretary of State may designate a scheme as a government administered redress scheme; and the procedure that is to apply where the Secretary of State decides to withdraw the approval of a redress scheme or revoke the designation of a government administered redress scheme.
A full regulatory impact assessment has not been produced for this instrument as an impact on the private or voluntary sector is not foreseen. A regulatory impact assessment will be produced for the Order that brings into force the requirement to belong to an approved or government administered redress scheme.