Section 148 Effect of moratoriumI1

England and Wales

(1)

During a moratorium F1neither the HCA F2, nor the Greater London Authority, may—

(a)

F3... give the registered provider a direction under section 32(4), F4or

(b)

F5... take steps to enforce such a direction against the registered provider.

(2)

During a moratorium a disposal of the registered provider's land requires the regulator's prior consent.

(3)

Section 149 sets out exceptions to subsection (2).

(4)

Consent—

(a)

may be given before the moratorium begins, and

(b)

may be subject to conditions.

(5)

This section does not prevent a liquidator from disclaiming land as onerous property during a moratorium.

(6)

In this section “land” includes a present or future interest in rent or other receipts arising from land.

Annotations

F1: Word in s. 148(1) inserted (1.4.2012) by Localism Act 2011 (c. 20), s. 240(2), Sch. 19 para. 52(a); S.I. 2012/628, art. 6(i) (with arts. 9 11 14 15 17)
F2: Words in s. 148(1) inserted (1.4.2012) by Localism Act 2011 (c. 20), s. 240(2), Sch. 19 para. 52(b); S.I. 2012/628, art. 6(i) (with arts. 9 11 14 15 17)
F3: Words in s. 148(1)(a) repealed (1.4.2012) by Localism Act 2011 (c. 20), s. 240(2), Sch. 19 para. 52(c), Sch. 25 Pt. 31; S.I. 2012/628, art. 6(i)(j) (with arts. 9 11 14 15 17)
F4: Word in s. 148(1) substituted (1.4.2012) by Localism Act 2011 (c. 20), s. 240(2), Sch. 19 para. 52(d); S.I. 2012/628, art. 6(i) (with arts. 9 11 14 15 17)
F5: Words in s. 148(1)(b) repealed (1.4.2012) by Localism Act 2011 (c. 20), s. 240(2), Sch. 19 para. 52(c), Sch. 25 Pt. 31; S.I. 2012/628, art. 6(i)(j) (with arts. 9 11 14 15 17)

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)