Sch 1 para 15D Management transfer
(1) This paragraph applies if, as a result of an inquiry under paragraph 20 or an audit under paragraph 22, the Welsh Ministers are satisfied that a registered social landlord has failed to comply with a requirement imposed by or under an enactment. (2) But this paragraph does not apply if the failure relates only to the registered social landlord's provision of housing in England. (3) The Welsh Ministers may require the registered social landlord to transfer management functions to a specified person. (4) A requirement may relate to— (a) the registered social landlord's affairs generally, or (b) specified affairs. (5) Transfer is to be on terms and conditions (including as to remuneration) specified in, or determined in accordance with, the requirement. (6) A transferee manager is to have— (a) any power specified in the requirement, and (b) any other power in relation to the registered social landlord's affairs required by the manager for the purposes specified in the requirement (including the power to enter into agreements and take other action on behalf of the registered social landlord).