Why we are engaging with Pineview
We are engaging with Pineview about the transfer of engagements from Kendoon Housing Association Ltd (Kendoon).
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.
The transfer took place on 1 February 2021 after Kendoon’s tenants supported the proposal in an independent ballot. Pineview will now support Kendoon as it progresses its application for removal from the Register of Social Landlords (the Register).
What Pineview must do
Pineview must:
- provide updates on progress with the integration of Kendoon into Pineview and the delivery of the commitments made to Kendoon’s tenants; and
- provide updates on progress with the application from Kendoon to be removed from the Register.
What we will do
We will:
- liaise with Pineview as it progresses the integration of Kendoon into Pineview and on the delivery of the commitments made to Kendoon’s tenants;
- liaise as necessary about the application for the removal of Kendoon from the Register; and
- update our published engagement plan in light of any material change to our planned engagement with Pineview.
Regulatory returns
Pineview 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.