Assurance

We’ve produced a range of guidance providing advice and information on assurance and regulatory compliance.

Consumer credit authorisation

HM Treasury passed legislation in Parliament which changed the consumer credit regime for housing associations operating in the UK. 

The changes apply to housing associations which:

  • hold mortgages or other loans secured on land
  • which are not first legal charges or mortgages
  • were entered into before 1 April 2014.

We’ve produced guidance to assist housing associations both in applying legislation to their businesses and in understanding how and when to get authorised for consumer credit/FCA regulated activities, where appropriate.

Anti-money laundering

Housing associations that engage in estate agent activity are required to comply with anti-money laundering regulations. The supervision of estate agents under the Money Laundering Regulations rests with HMRC.

Businesses regulated by the Money Laundering Regulations must report activity that may be linked to money laundering or terrorist financing to the National Crime Agency (NCA), in the form of a Suspicious Activity Report. Further details can be found on the NCA’s website.

Visit GOV.UK for the latest updates on money laundering regulations.  

Data protection

All businesses are required to comply with the Data Protection Act 2018, as regulated by the Information Commissioner’s Office (ICO). 

The ICO website contains useful information for housing associations on data collection, processing, retention and protection, and key requirements under the Act such as responding to Data Subject Access Requests. 

The Data Protection Act is the UK’s implementation of the General Data Protection Regulation (GDPR) which has applied in the UK from May 2018.

Fraud

Countering fraud remains a key task for housing association boards, executive teams and staff. The Regulator of Social Housing (RSH)’s Governance Standard requires that “Registered providers shall provide accurate and timely returns to the regulator, including an annual report on any losses from fraudulent activity”. This sits alongside the regulator’s requirement to publish clear and accessible policies, which outline a housing association’s approach to tackling tenancy fraud.

To reflect changes in the legislative, regulatory and operating environment, we've produced a Countering Fraud publication in partnership with RSM UK.

Who to speak to

John Butler, Policy Leader