The regulatory framework for social housing in England from April 2012 will come into effect from 1 April 2012. The revised framework implements the requirements of the Localism Act 2011 and the Secretary of State’s directions. It has been approved by the TSA Board following the completion of a statutory consultation.
The revised framework makes a sharp distinction between the regulator’s economic regulation and consumer regulation roles. In respect of economic regulation the regulator will have a proactive role. An important change is the introduction of a new Value for Money standard as one of the economic standards. For consumer regulation, the new “serious detriment test” means that the regulator will have a “backstop role”, other parties acting locally will need to take up the monitoring and service improvement roles on the consumer standards that were formerly within the remit of the regulator.
This framework retains at its core the principle of co-regulation, which emphasises that it is boards and councillors who are ultimately responsible for the effective performance of their organisations, compliance with the standards and being transparent and accountable to stakeholders. The regulator will continue to regulate proactively the economic standards.
The published documents in the regulatory framework comprise:
- The regulatory framework for social housing in England from April 2012 (replaces the regulatory framework 2010)
- Annex A: Rent Standard Guidance (replaces previous Annex E)
- Annex B: Guidance notes on use of the regulator’s powers (replaces previous Annex F)
In addition to the main regulatory framework documents, the following documents remain part of the overall regulatory framework and have not been revised:
- The Accounts Direction
- The TSA’s Consent to Disposals (published as part of the 2010 regulatory framework)
- Disposal Proceeds Fund (the regulator’s requirements continue to be based on the Disposals Proceeds Fund General Determination 2008 issued by the Housing Corporation, as stated in the 2010 regulatory framework)
Decision Instrument 7 records the Social Housing Regulator's decision to issue this new framework.
Copies of the letters sent to private registered providers and local authorities are available below.
From 1st April regulation will be delivered by a statutory committee of the Homes and Communities Agency, its members independently appointed by the Secretary of State for Communities and Local Government. The TSA will close. The full Regulation Committee was appointed on 20th February 2012 and has been closely consulted during the process of approving this framework. The Regulation Committee intends to bring this new framework into effect.