Decision Instrument RSH5: Decision to revise the Accounting Direction (accessible version)
Updated 29 February 2024
Applies to England
© Crown copyright 2024
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Introduction
A - Regulation of social housing in England under the Housing and Regeneration Act 2008 (‘the Act’) is the responsibility of the Regulator of Social Housing (RSH). RSH is an executive non-departmental public body, sponsored by the Department for Levelling Up, Housing and Communities.
B - The regulator’s current Accounting Direction took effect from 30 January 2019.
C - The regulator has powers to give directions to private registered providers of social housing about the preparation of their accounts (in relation to profit-making PRPs, only in so far as its accounts relate to social housing activities). The power to give an Accounting Direction arises under section 127 of the Act.
D - The regulator has consulted on the proposed revisions to the current Accounting Direction and has considered the responses received in relation to that consultation. The purpose of this document is to set out the decision of the regulator following the conclusion of that consultation process.
E - The Regulator of Social Housing has the power to delegate its functions to a member of staff pursuant to section 920 of the Housing and Regeneration Act 2008. In accordance with the regulator’s Scheme of Delegated Authority. Directions about the preparation of PRP accounts are delegated to the Director of Strategy.
Decision
| Date decision made: | 4 January 2022 |
|---|---|
| Decision made by: | Director of Strategy |
| 1 | The Director of Strategy has noted that the power to give directions about the preparation of PRP accounts must be exercised with a view to ensuring that accounts are prepared in a proper form and present a true and fair view of a PRP’s state of affairs in relation to its social housing activities and the disposition of funds and assets which are, or have been, in the PRP’s hands in connection with those activities. In compliance with the requirements under s127(6) of the Act, this decision has been taken following consultation with at least one body appearing to the regulator to represent the interests of private registered providers. The Accounting Direction for private registered providers of social housing [January 2022] is as set out in Schedule 1. The revised Accounting Direction referred to in this Decision Instrument supersedes the following: The Accounting Direction which took effect from 30 January 2019. |
| 2 | This decision comes into force on 30 January 2022. |
Authentication
| Name: | Will Perry |
| Position: | Director of Strategy |
Signature:
The Accounting Direction for private registered providers of social housing 2022