# Building Safety (Wales) Act 2026, Paragraph 4: Requirement to include financial management proposal with notice of proposal or decision

Extent: E+W
Status: prospective

(1) This paragraph applies where a building safety authority or fire safety authority gives to an interested person—
(a) a notice under paragraph 2, or
(b) a notice under paragraph 3 stating that the authority intends to apply for a special measures order.
(2) If the terms set out in the notice in accordance with paragraph 2(2)(d) or 3(3)(c) include a term requiring a relevant accountable person to make payments to the special measures manager, the authority must include a financial management proposal with the notice.
(3) A financial management proposal is a document setting out—
(a) an estimate of the costs that the authority expects a special measures manager for the category 1 building to incur in connection with the exercise of the manager’s functions in relation to the building (including a reasonable amount for contingencies),
(b) the measures to which the estimated costs relate, and
(c) if there is more than one relevant accountable person—
(i) the authority’s proposed apportionment of the estimated costs between the relevant accountable persons, and
(ii) the reasons for that proposal (including any calculation giving rise to it).
(4) In this paragraph “relevant accountable person” means an accountable person to whose building safety functions the proposed special measures order would apply.

---
Source: https://www.legislation.gov.uk/asc/2026/5/schedule/2/paragraph/4 (the official version)
Page: https://openlegislation.uk/building-safety-wales-act-2026/schedule-2/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.