Why we are engaging with Muirhouse
We are engaging with Muirhouse about its governance.
COVID-19 has significantly impacted the services provided by social landlords in 2020 and will continue to influence how services are provided in 2021. We will continue to monitor, assess and report upon how each landlord is responding and we will keep our regulatory engagement under review so that we can continue to respond to the challenges of COVID-19.
Muirhouse’s Senior Officer left the organisation in January 2021 and it is carrying out a strategic options appraisal. It has appointed an Interim Senior Officer.
What Muirhouse must do
Muirhouse must:
- keep us informed of progress with its strategic options appraisal and tell us the outcome.
What we will do
We will:
- liaise with Muirhouse as it progresses its strategic options appraisal; and
- update our published engagement plan in light of any material change to our planned engagement with Muirhouse.
Regulatory returns
Muirhouse 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.