The following Banking & Finance guidance note Produced in partnership with Neil Waller of Trowers & Hamlins LLP provides comprehensive and up to date legal information covering:
This Practice Note explains the nature of social housing entities, how they are regulated and the regulatory, corporate and charity law issues that need to be considered when social housing entities enter into finance transactions.
Nearly all housing associations that raise private finance in England are regulated as ‘Registered Providers’ of social housing. This means that they are registered with the Regulator of Social Housing in England. In Wales, the Welsh Government performs this function and housing associations registered with them are known as Registered Social Landlords (RSLs).
In England, registered providers are divided into private providers and local authority providers. The category of private providers is then sub-divided further into not-for-profit and for-profit providers. To date, private for-profit providers and local authority providers have not raised significant amounts of finance in their own right compared to not-for-profit providers. This Practice Note purely focuses on private not-for-profit providers of social housing registered in either England or Wales, referred to in this Practice Note as ‘RPs’.
RPs may have a number of different corporate statuses and although most of them have charitable status, this is not always the case.
Most RPs are structured as Community Benefit Societies, registered under the Co-operative and Community Benefit Societies Act 2014 (CCBSA 2014). A few organisations are structured as companies limited by guarantee,
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
0330 161 1234
To view our latest legal guidance content,sign-in to Lexis®PSL or register for a free trial.