With a deadline of October 31, the Annual Assurance Statements are an important part of the new Regulatory Framework, which came into force in April this year.

Submitting the Statement to the Regulator is a way for each social landlord’s board or committee to declare it is assured the organisation complies with regulatory requirements and standards, or to disclose any areas where it needs to improve.

Speaking at the Social Housing Conference in Glasgow, Ian Brennan, director of regulation, said: “It is now less than two months until social landlords have to submit their first statement. The introduction of this requirement has been the catalyst for a lot of discussion amongst landlords, within landlords and also between landlords and ourselves. 

“This in itself is encouraging. It indicates that the new regulatory framework has highlighted the need for good governance, assurance and internal control within landlords.”

Mr Brennan added: “We are looking for positive assurance rather than an assumption of compliance unless a landlord tells us otherwise. We believe that this will help landlords drive improvements where needed.”

The Regulator has published guidance and Frequently Asked Questions to assist landlords to prepare.

Mr Brennan speech can be read in full here.