This Code of Practice is designed to help registered providers of social housing understand what the regulator is looking for when seeking assurance on compliance with the Value for Money Standard. The Code clarifies the Standard by explaining and elaborating on the content, with illustrative examples where necessary.
Registered providers must have regard to the Code when assessing their compliance against the Standard. In considering whether the Standard has been met, the regulator will have regard to the Code. It is therefore important that registered providers are familiar with its content. However, it is the Standard rather than the Code that the regulator will enforce against.
Providers may also want to see the Value for Money Metrics Technical Note.