Updated 05.12.18

- Regulator intervenes at Fairfield Housing Co-operative

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Section: Audit & Regulation

Regulator intervenes at Fairfield Housing Co-operative

Posted 05.12.18
Scottish Housing Regulator: Article link

The Scottish Housing Regulator has used its statutory powers to appoint a manager and seven governing body members to Fairfield Housing Co-operative.

It has taken this action to safeguard the interests of tenants and service users after an independent investigation identified potential serious misconduct and systemic failures of governance amounting to mismanagement.

The investigation highlighted a number of areas of serious concern including the inappropriate receipt of payments and benefits. It found that Fairfield's governing body had failed to establish and oversee an effective system of internal control.

It found evidence of widespread failures to comply with policies and procedures, Financial Regulations and delegated authorities for spending, poor procurement practices, failure to manage conflicts of interest and to uphold the standards of conduct expected of Registered Social Landlords.

The statutory manager will be directly accountable to the Regulator. The first priority for the statutory appointees will be to address the serious and urgent risks to the interests of tenants and service users and to tackle the failures in governance and financial management identified in the investigation.


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Reporting on December 2018

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