Aster applies to deregister
Aster plans to deregister its parent company and its care and support arm to reduce regulation.
It is thought to be the first time a landlord has applied to be removed from the Tenant Services Authority register.
Its non-stockholding parent Aster Group and care and support arm Aster Living will no longer be regulated by the TSA if its application is successful, although Aster Living will still be regulated by the Care Quality Commission. The association’s core housing association functions will still be regulated.
Bjorn Howard, chief executive of 17,000-home Aster, said this will enable it to identify more clearly how different revenue streams are performing.
The TSA mistakenly announced at a board meeting last Wednesday it had granted consent for the move. A spokesperson later clarified that only Aster Living had been deregistered, while a decision on Aster Group has been deferred, although the regulator could not confirm why this had happened.