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Year: 2021
Date: 12 November, 2021
Offence Group: consumer-protection-related offences
Offence Type: consumer protection violation
Violation Description: Regulatory Notice served. The regulator has concluded that: Falcon Housing Association C.I.C. (FHA) is non-compliant with the Governance and Financial Viability Standard. It has failed to ensure its governance arrangements deliver an effective risk management and control framework and has not demonstrated that it has managed its resources effectively to ensure its viability can be maintained. FHA has failed to demonstrate that it has managed its affairs with an appropriate degree of skill, independence, diligence, effectiveness, prudence and foresight. FHA has failed to ensure that it has an appropriate, robust and prudent business planning, risk and control framework. FHA has failed to ensure that any arrangements it enters into do not inappropriately advance the interests of third parties or are arrangements which the regulator could reasonably assume were for such purposes. FHA has been unable to demonstrate that it complies with the Rent Standard. FHA has reported a significant majority of its stock is Specialised Supported Housing (SSH) and therefore is excepted from the standard, but we lack assurance on how the board has satisfied itself that it is meeting the exception criteria.
Agency: Regulator of Social Housing
Source of Data: (click here)