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Regulation of Registered Social Landlords (Wales) Act 2018

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The Act amends and removes powers which are deemed by the Office for National Statistics to demonstrate central and local government control over Registered Social Landlords.

It also introduces new powers to reduce local authority influence on Registered Social Landlords (RSL) Boards. As a result of these changes, the Office for National Statistics (ONS) has reviewed the classification of RSLs. It has determined them to be private sector organisations for the purpose of national accounts and other ONS economic statistics, so the current funding arrangements for RSLs will be maintained. This will allow RSLs to continue to access private sector borrowing to enable them to build new social housing and make a significant contribution to delivery of our commitment of 20,000 new affordable homes.

Further information is available on the National Assembly for Wales website (external link).