Commentary on provisions of Act Registered providers: insolvency, restructuring etc Section 15: Notification requirements: expansion to profit-making organisations
Section 15 expands to profit-making registered providers the requirements in sections 160, 161, 163, 165, 169A and 169C of the HRA 2008 (currently imposed only on non-profit registered providers) to notify the regulator of various restructuring and dissolution events.
	This aligns notification requirements across the sector regardless of a provider’s profit-making status to ensure that the regulator is able to keep its register up to date and is alerted where there are significant changes to the corporate form of a provider.
	Sections 15 – 19 will support the regulator in dealing with significant changes to a registered provider’s corporate form and constitution and ensure that the regulator has a clear understanding of a registered provider’s corporate structure, as well as any significant changes taking place that could influence the manner in which it operates.