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Housing and Regeneration Bill

I, too, support the amendment. Triggers are an important lever for the regulator when dealing with mismanagement. Most RSLs will accept that that is the case. We recognise the precedent laid out in the Housing Corporation zone rules, which are fairly strong. The amendment leaves in paragraph (b) but takes out (a) and (c), and thus meets the criteria by leaving them broad enough for negotiations to take place. Paragraph (b) allows for the inquiry to be undertaken or, as the noble Lord, Lord Best, has so eloquently argued, to allow for remedies to be put in place. To have triggers of this order of magnitude seems slightly disproportionate, which is why earlier we argued so strongly for the insertion of ““proportionate”” at the front of the objectives.