Basic Search  |  Summaries  |  Advanced SearchPenalty: £0
Year: 2019
Date: 8 May, 2019
Offence Group: consumer-protection-related offences
Offence Type: consumer protection violation
Violation Description: Regulatory Notice served. The regulator has concluded that: BEST is non-compliant with the governance and viability element of the Governance and Financial Viability Standard. BEST has not ensured its governance arrangements deliver an effective risk management and control framework, and that it has managed its resources effectively to ensure its viability can be maintained. BEST has not been able to demonstrate that it has managed its affairs with an appropriate degree of skill, independence, diligence, effectiveness, prudence and foresight. BEST has failed to ensure that it has an appropriate, robust and prudent business planning, risk and control framework.
Agency: Regulator of Social Housing
Source of Data: (click here)