Regulation for social housing providers reduced
Certain regulations which relate to providers of social housing will change today.
From 6 April 2017, a private registered provider will no longer be required to certify their status. Implemented through the Housing and Planning Act 2016, the changes will amend the Housing and Regeneration Act 2008.
When a private registered provider makes a disposal from today onwards, when it’s lodged for registration they will no longer will they need to comply with certain restrictions in the register.
These changes which come into force today have an impact upon private registered providers; namely reducing the number of regulatory requirements.
Section 183A of the Land Registration Rules 2003, as well as four of the standard forms of restrictions in Schedule 4, have been amended.
Previously in England, private registered providers who applied to be registered as a proprietor of a registered estate or charge had to provide Land Registry with a certificate confirming their status. This was a measure to assist the Registry in making sure that the appropriate form of restriction was entered into the register. However, from today onwards, this will no longer be required. This is due to the Regulator of Social Housing’s disposal consent regime, which related to private registered providers, is being repealed.