Housing associations and community mutuals in Wales are regulated by the Welsh Government.
In 2008 the Essex report advocated a new regulatory framework for the housing association and community mutual sector, characterised by robust local self-assessment and a rigorous, risk-based and proportionate regulatory approach.
In April 2012, Welsh Government published a new Regulatory Framework which was approved by the Regulatory Board for Wales.
How we regulate? - April 2012
New Regulation Framework
The values underpinning the new framework are:
Effective relationships between organisations and their local stakeholders with the new Senior Regulation Managers which allow for the overall Whole Association Assessment.
Boards which deliver effective governance.
Ensuring self assessment is not a prescriptive process, but allows a local approach to reflect local circumstance.
Establishing clear standards of service that underpin self assessment and evaluation.
Supporting the challenge of building board capacity and empowerment to drive self assessment and change.
The importance of the role/skills of the new Senior Regulation Coordinators in building effective local relationships with housing associations and stakeholders, and managing the overall Whole Association Assessment.
Embedding a critical focus on financial viability and financial management arrangements into self assessment and the WAA processes.
Ensuring the strategic housing enabling role of local authorities and relationships with housing associations are properly reflected.
Ensuring the framework allows for evaluation of engagement with, and contribution to, broader community based strategies and initiatives.
Considering the potential for a more holistic regulation of all social housing.
Welsh Government Circulars
These are a list of Welsh Government Circulars that apply to RSLs operating in Wales:
Circulars - Register of Circulars from 2010
Schedule of HA Circulars