Paragraph 16 I1

After paragraph 15 insert—

“Transfer of net assets on termination of charity not within paragraph 15(1)

15A

(1)

The Secretary of State may by regulations provide for any provisions of paragraph 15(2) to (6) to apply in relation to a registered social landlord within sub-paragraph (2)—

(a)

in such circumstances, and

(b)

with such modifications,

as may be specified in the regulations.

(2)

A registered social landlord is within this sub-paragraph if—

(a)

it is a registered charity, and

(b)

it does not fall within sub-paragraph (1) of paragraph 15.

(3)

Regulations under this paragraph may in particular provide that any provision of the regulations requiring the transfer of any property of the charity is to have effect notwithstanding—

(a)

anything in the terms of its trusts, or

(b)

any resolution, order or other thing done for the purposes of, or in connection with, the termination of the charity in any manner specified in the regulations.

(4)

Any regulations under this paragraph shall be made by statutory instrument which shall be subject to annulment in pursuance of a resolution of either House of Parliament.”