Regulator underlines importance of sustainable finances and landlord self-assurance

06 September 2018

The Scottish Housing Regulator’s new regulatory framework proposals will be framed to help RSL governing body members get the assurance they need that their organisations will keep delivering for tenants. That was the key message from the Scottish Housing Regulator at the Scottish Social Housing Annual Conference in Glasgow today.

Speaking to an audience of financial professionals, Ian Brennan, Director of Regulation, outlined the Regulator’s view of sector finances and looked ahead to the publication of the consultation on the future regulatory framework in mid-October.

Ian said: “Our analysis tells us that sector finances remain strong. But it also tells us that there are challenges ahead. So it’s more important than ever for governing bodies to assure themselves that they are focussing on the right things, managing risk and delivering what their tenants and service users want and need at a price they can afford to pay.”

The changes that we are proposing to the regulatory framework are designed with an eye to a sustainable future for regulated bodies. And we will work with the sector to build upon existing strengths to sustain a culture of self-awareness, assurance and transparency.”

The Regulator will launch its consultation on its Regulatory Framework in October. 

Read Ian's speech

Notes to editors: 
  1. The Scottish Housing Regulator was established on 1 April 2011 under the Housing (Scotland) Act 2010. Its objective is to safeguard and promote the interests of tenants and others who use local authority and RSL housing services. The Regulator operates independently of Scottish Ministers and is accountable directly to the Scottish Parliament. It assumed its full regulatory responsibilities on 1 April 2012. The Regulator consists of the Chair and seven Board members. More information about the Regulator can be found on its website at www.scottishhousingregulator.gov.uk
  2. SHR regulates around 160 registered social landlords and the housing activities of 32 local authorities.
  3. SHR sets out how it regulates social landlords in its published framework – Regulation of Social Housing in Scotland.
  4. The Regulator published its annual analysis of the finances of RSLs in March 2018. More information on this is available on its website https://www.scottishhousingregulator.gov.uk/news/regulator%E2%80%99s-report-shows-landlords-continue-deliver-strong-financial-performance

 

 

Contact:

 

Tracy Davren

Communications Manager

0141 242 5574

 

Tracy.Davren@scottishhousingregulator.gsi.gov.uk