Section 95 Financial assistance

England and Wales

The regulator may, where it thinks it advances a fundamental objective, give financial assistance to a person in connection with—

(a)

undertaking research,

(b)

preparing guidance,

(c)

developing and publicising best practice, or

(d)

facilitating the management of social housing by tenants.

(2)

Financial assistance under subsection (1) may be given—

(a)

by way of grant,

(b)

by way of loan,

(c)

by defraying expenditure on behalf of a person, or

(d)

in any other way except purchasing loan or share capital of a body corporate or giving a guarantee or indemnity.

I3(3)

The regulator may, where it thinks it advances a fundamental objective, give financial assistance to F1a private registered provider by—

(a)

lending money to or in respect of the registered provider, or

(b)

giving a guarantee or indemnity in respect of the registered provider.

(4)

Financial assistance may be given under subsection (3) only with the consent of the Secretary of State (given with the approval of the Treasury).

(5)

Financial assistance under subsection (1) or (3) may be given on conditions (which may include provision for repayment, with or without interest).

Annotations

F1: Words in s. 95(3) 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. 7

I1: S. 95(1)(2)(5) in force at 8.9.2008 for specified purposes by S.I. 2008/2358, art. 3(1)
I2: S. 95(1)(2)(5) in force at 1.4.2010 in so far as not already in force by S.I. 2010/862, art. 2 (with Sch.)
I3: S. 95(3)(4) in force at 1.4.2010 by S.I. 2010/862, art. 2 (with Sch.)

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)

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)