Always comply with your rules, regulator urges landlords
Scottish Housing Regulator urges all RSLs to make sure they fully comply with their own rules.
The Scottish Housing Regulator is urging all registered social landlords (RSLs) to make sure they fully comply with their own rules. The regulator said that it had to intervene in two RSLs recently “because they did not follow their own rules, leading to major governance failures that put tenants’ interests at risk”.
In each case, the RSL did not elect its governing body in line with the organisation’s rules, resulting in a governing body that was unable to make decisions. The regulator said that its statutory action was the only way to address the problem.
Michael Cameron, Scottish Housing Regulator Chief Executive, said:
“We’re approaching the time of year when RSLs are preparing for their AGMs. In light of these recent cases, it’s critical that RSLs understand and follow their rules. It may seem obvious, but it’s important to get the basics right.”
The regulator raised this issue during a round-table breakfast discussion earlier today with stakeholders, including landlords, membership bodies, lenders and Scottish Government officials.
The session focused on the themes from the regulator’s recently-published regulation plans. A key topic of the discussion was the need for landlords to assess themselves against the Regulatory Standards of Governance and Financial Management. The regulator said that regular self-assessment is one important way for RSL governing bodies to get assurance about how their organisation is run and to ensure that they are complying with standards.