Section 58 Appointment of manager for financial or other affairsI1

Scotland

F1(1)

This section applies where the Regulator, having made inquiries or otherwise, considers—

(a)

that a registered social landlord has failed, or is failing, to comply with—

(i)

a duty imposed by this Act or by any other enactment, or

(ii)

a requirement imposed on the landlord by the Regulator under this Act or any other enactment, and

(b)

that a person needs to be appointed in order to ensure that the landlord manages its financial or other affairs in a way that will rectify the failure.

(2)

The Regulator may appoint, or require the registered social landlord to appoint, a manager F2to manage the landlord's financial or other affairs generally, or such aspects of those affairs as are necessary, for the purpose of rectifying the failure which the Regulator considers requires the appointment of the manager.

Annotations

Textual amendments

F1: S. 58(1) substituted (8.3.2019) by Housing (Amendment) (Scotland) Act 2018 (asp 13), ss. 1(3)(a), 11(2); S.S.I. 2018/253, reg. 2(2)
F2: Words in s. 58(2) substituted for s. 58(2)(a)(b) (8.3.2019) by Housing (Amendment) (Scotland) Act 2018 (asp 13), ss. 1(3)(b), 11(2); S.S.I. 2018/253, reg. 2(2)

Commencement

I1: S. 58 in force at 1.4.2012 by S.S.I. 2012/39, art. 2, Sch. 1 (with Sch. 2)