Why we are engaging with North View Housing Association Ltd (North View)
We are engaging with North View about its governance.
North View failed to notify us in accordance with regulatory guidance on Notifiable Events about weaknesses in the management of its services to factored owners.
North View has commissioned an independent governance review to assess its compliance with regulatory requirements and the Standards of Governance and Financial Management (the Standards), including our regulatory guidance on Notifiable Events. We are engaging with North View as it progresses the governance review. This is due to be completed by autumn 2024.
North View is engaging openly and constructively with us.
What North View must do
North View must provide us with monthly updates on progress with the independent governance review.
What we will do
We will:
- review North View’s progress with the independent governance review and engage as necessary; and
- update our published engagement plan in the light of any material change to our planned engagement with North View.
Regulatory returns
North View must provide us with the following annual regulatory returns and alert us to notifiable events as appropriate:
- Annual Assurance Statement;
- audited financial statements and external auditor’s management letter;
- loan portfolio return;
- five year financial projections; and
- Annual Return on the Charter.
It should also notify us of any material changes to its Annual Assurance Statement, and any tenant and resident safety matter which has been reported to or is being investigated by the Health and Safety Executive or reports from regulatory or statutory authorities or insurance providers, relating to safety concerns.