The Housing Corporation introduced a new suite of Performance Indicators (PIs) in 2006, which reduced the numbers of PIs against which associations are obliged to report. Also in 2006, the Corporation carried out an evaluation of the first round of validations. This concluded that associations generally found the need for validation a useful one, but had concerns as to the resources required to carry out validations.

Finally, the 2006 Elton Review of Regulatory and Compliance Requirements for RSLs made specific recommendations to the Corporation to look at reducing the burden of complying with this requirement. As a result of these factors we have reviewed our expectations as set out in this document.

Note: This Circular replaces Circular 06/04 - External validation of performance reporting systems of housing associations (August 2004)