Why we are engaging with Trafalgar Housing Association Ltd (Trafalgar)
We are engaging with Trafalgar about its governance.
Trafalgar has told us that its senior officer is leaving the organisation. Trafalgar will complete a strategic options appraisal before deciding its next steps to replace its senior officer. We will engage with Trafalgar to get assurance it is progressing the strategic options appraisal in line with regulatory requirements including the Standards of Governance and Financial Management (the Standards).
What Trafalgar must do
Trafalgar must:
- update us on the outcome of the strategic options appraisal and send a copy to us; and
- keep us informed about its plans for the replacement of its senior officer.
What we will do
We will:
- liaise with Trafalgar as it progresses the strategic options appraisal and replacement of its senior officer and engage as necessary; and
- update our published engagement plan in the light of any material change to our planned engagement with Trafalgar.
Regulatory Returns
Trafalgar 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.