Part 7Registered social landlords: insolvency etc.

Implementing proposals

I184Implementation of agreed proposals

1

Agreed proposals are binding on and accordingly must be implemented by—

a

the Regulator,

b

the registered social landlord,

c

the registered social landlord's creditors (both secured and unsecured), and

d

any liquidator, administrative receiver, receiver or administrator appointed in respect of the registered social landlord or its land.

2

The registered social landlord's officers must co-operate in the implementation of agreed proposals.

But this subsection does not require or allow officers to do anything in breach of a fiduciary or other duty owed by them.