Section 158 Assistance by regulatorI1

England and Wales

(1)

The regulator may give financial or other assistance to F1the registered provider for the purpose of preserving its position pending F2the regulator deciding whether to exercise the power under section 152 to make proposals and (if proposals are made) the proposals becoming agreed proposals.

(2)

The regulator may give financial or other assistance to F3the registered provider, or a manager appointed under section 155, to facilitate the implementation of agreed proposals.

(3)

In particular, the regulator may—

(a)

lend staff;

(b)

arrange payment of the manager's remuneration and expenses.

(4)

The regulator may do the following only with the Secretary of State's consent—

(a)

make grants,

(b)

make loans,

(c)

indemnify a manager,

(d)

make payments in connection with secured loans, and

(e)

guarantee payments in connection with secured loans.

Annotations

Textual amendments

F1: Words in s. 158(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. 31
F2: Words in s. 158(1) substituted (1.4.2024) by Social Housing (Regulation) Act 2023 (c. 36), ss. 12(7), 46(3); S.I. 2024/437, reg. 2(e)
F3: Words in s. 158(2) 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. 31

Commencement

I1: S. 158 in force at 1.4.2010 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)