Structure of the Act Part 2 – Regulation of Social Housing Compensation Section 240 - Award
692.This section specifies the process and content for imposing a direction to a provider to pay compensation. Compensation is awarded by the regulator giving written notice (a “compensation notice”) to the registered provider and the person or persons to be compensated.
693.Subsection (2) provides that compensation notices must set out:
	the grounds on which compensation is awarded, which must be one or more of the grounds specified in section 237,
	the amount of the compensation award,
	the person or persons who are to be compensated,
	any interest or additional compensation payable in the event of late payment, and
	the period within which that compensation must be paid.
694.Subsection (4) requires that the notice explain the effect of sections 244(1) and (3), and section 245.
695.Subsection (5) requires the Secretary of State to make regulations about the period within which compensation must be paid, and gives the Secretary of State the power to make regulations about the form and content of compensation notices and the manner in which a compensation notice may be given