This section applies to property transferred to the regulator in accordance with section 167(2)(a).
The regulator may dispose of the property only to a non-profit registered provider.
Where the registered provider wound up or dissolved was a charity, the regulator may dispose of the property only to a registered provider—
which is a charity, and
whose objects the regulator thinks are similar to those of the original charity.
If the property includes land subject to a mortgage or charge, the regulator may dispose of the land—
subject to that mortgage or charge, or
subject to a new mortgage or charge in favour of the regulator.