How we are regulated
Grand Union is a housing association, also known as a registered provider (RP). All RPs are regulated by the Regulator for Social Housing.
All RPs have to comply with the Regulator’s Regulatory Framework, which details how we are expected to run the business. The framework covers six standards:
- Governance and Financial Viability
- Value for Money
- Tenant Involvement and Empowerment
- Neighbourhood and Community
We review our compliance with the framework annually and report to our Board to assure them that we are well run. The last report to Board was February 2020, which confirmed our compliance with all aspects of the framework. Additionally, we have adopted the National Housing Federation’s (NHF) Code of Governance 2015, which are the rules by which the Boards run the business. Again, we report to Board annually to confirm compliance with the Code, the most recent report went to Board in February 2020. We are expecting an updated Code of Governance to come out from the NHF later in the year and we will continue to report to Board on this revised Code.
We have an Assets and Liabilities Register in line with requirements and in March 2016, the Board agreed to adopt the NHF Mergers, Group Structures and Partnerships Voluntary Code for Housing Associations to guide its approach to future opportunities.