Housing Corporation Assessments: Our regulatory process
In April 2005 we introduced a new style of regulation that is based on an objective risk assessment of all larger associations that determines the level and scope of regulatory engagement.
As part of our commitment to transparency we have issued a series of documents that explain how we regulate within the context of the Regulatory Code.
- How We Regulate 1: Our regulatory documents
- How We Regulate 2: Risk based regulation
- How We Regulate 3: Self assessment compliance statements and annual efficiency statements
- How We Regulate 4: Our overall approach
- How We Regulate 5: Viability
- How We Regulate 6: Governance
- How We Regulate 7: Management
We have established criteria which determine when a published HCA needs to be revised. We will review and revise an HCA when any of the following occurs:
- we change a Regulatory Code or Development Performance traffic light. This includes improving as well as deteriorating performance;
- an association is placed in or removed from supervision or has its supervision status changed from intervention to enforcement or vice versa;
- an association significantly changes its structure or business objectives;
an inspection report has been published, or an association has completed or substantially achieved its action plan following inspection; - an association or group changes its name or merges with another association or group;
an association’s current HCA remains unchanged for more than 12 months.
