The special administration regime is referred to in the Act as ‘housing administration’, and is aimed at private registered providers of social housing in England (‘housing associations’). It is limited in that only the secretary of state, or the Homes and Communities Agency (HCA) with the consent of the secretary of state, may apply for a housing administration order and appoint a licenced insolvency practitioner (IP) as housing administrator.
Secondary regulations are required to bring the provisions of the new regime into force, and a commencement date has not yet been confirmed. That is not expected to happen until the autumn.
Currently, housing associations, other than entities registered as cooperative or community benefit…
Read the full article at: http://www.out-law.com/en/articles/2016/september/the-new-special-administration-regime-for-social-housing-providers-in-england/