Section 127 Directions

England and Wales

I1(1)

The regulator may give directions to F1private registered providers about the preparation of their accounts.

(2)

A direction may be given to a profit-making registered provider only in so far as its accounts relate to social housing activities.

(3)

The power must be exercised with a view to ensuring that accounts—

(a)

are prepared in proper form, and

(b)

present a true and fair view of—

(i)

the state of affairs of each registered provider in relation to its social housing activities, and

(ii)

the disposition of funds and assets which are, or have been, in its hands in connection with those activities.

(4)

A direction may require a registered charity to use a specified method for distinguishing in its accounts between—

(a)

matters relating to its social housing activities, and

(b)

other matters.

(5)

A direction—

(a)

may make provision that applies generally or only to specified cases, circumstances or registered providers, and

(b)

may make different provision for different cases, circumstances or registered providers.

I2 I3(6)

A direction that relates to more than one registered provider may be given only after consulting one or more bodies appearing to the regulator to represent the interests of F2private registered providers.

(7)

The regulator shall make arrangements for bringing a direction to the attention of every registered provider to which it applies.

Annotations

Textual amendments

F1: Words in s. 127(1) substituted (1.4.2010) by The Housing and Regeneration Act 2008 (Registration of Local Authorities) Order 2010 (S.I. 2010/844), art. 1(2), Sch. 1 para. 22(a)
F2: Words in s. 127(6) substituted (1.4.2010) by The Housing and Regeneration Act 2008 (Registration of Local Authorities) Order 2010 (S.I. 2010/844), art. 1(2), Sch. 1 para. 22(b)

Commencement

I1: S. 127(1)-(5) (7) in force at 1.4.2010 by S.I. 2010/862, art. 2 (with Sch.)
I2: S. 127(6) in force at 8.9.2008 for specified purposes by S.I. 2008/2358, art. 3(1) (with art. 3(3)(4))
I3: S. 127(6) in force at 1.4.2010 in so far as not already in force by S.I. 2010/862, art. 2 (with Sch.)

Notes on Part 2

Modifications

C1: Pt. 2 modified (1.4.2012) by Localism Act 2011 (c. 20), s. 240(2), Sch. 16 para. 69(2); S.I. 2012/628, art. 6(i) (with arts. 9 11 14 15 17)