The Welsh Ministers may set standards to be met by registered social landlords in connection with—
their functions relating to the provision of housing, and
matters relating to their governance and financial management.
In setting standards the Welsh Ministers must have regard to the desirability of registered providers being free to choose how to provide services and conduct business.
Standards set under subsection (1) may require registered social landlords to comply with rules specified in the standards.
The Welsh Ministers may—
revise the standards by issuing further standards under this section;
withdraw the standards by issuing further standards under this section or by notice.
The Welsh Ministers must publish any standards or notice under this section.
This section does not apply in relation to a registered social landlord's provision of housing in England.