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Regulation Plans 2011

We have completed our annual regulatory risk assessment and determined the level of engagement that we need to have for all registered social landlords (RSLs). This takes account of the most recent information returns from RSLS including the annual performance and statistical return (APSR), audited accounts and five year financial projections. It also takes account of more recent, additional, information from our engagement with individual RSLs.

The assessment also takes account of the regulatory implications of the sector-wide risks that we discussed in our recent publication “Beyond the Crunch?” as well as our analysis of stock quality, set out in our recent publication “Scottish Housing Quality Standard: Progress Update.”

We have published regulation plans for 48 RSLs. The plans set out the level and type of engagement that we intend to have with each RSL during the financial year 2011/12. We have categorised three as ‘high’ and 45 as ‘medium’ engagement. We will continue to keep our level of regulatory engagement with individual RSLs under review to reflect any additional assurance we need.

We have removed twenty regulation plans from our website. Thirteen of these were for RSLs that were participating in a transfer of stock from Glasgow Housing Association where we have completed or almost completed our assessment and we will not need to engage with the RSL on an ongoing basis. We have removed the other seven plans because we have received the assurance we need from these RSLs and have decided to reduce our level of regulatory engagement to ‘low’ or ‘standard’.

We plan to carry out our next regulatory risk assessment in quarter three and publish regulation plans in quarter four of 2011/12.