Housing (Amendment) (Scotland) Bill 13 (5) The Regulator must determine that subsections (2) and (3) are not, or are to cease, to apply in relation to an arrangement where the Regulator considers that— (a) the registered social landlord’s viability is in jeopardy for financial 5 reasons, (b) a person could take a step in relation to the landlord which would require to be notified to the Regulator under section 73, and (c) the determination under this subsection would substantially reduce the likelihood of a person taking such a step. 10 (6) The registered social landlord must, as soon as reasonably practicable after the arrangement takes effect (and no later than 28 days after that event), give notice of the arrangement to the Regulator.‖. (3) Sections 124A and 124B are repealed. (4) In section 165 (interpretation), in the definition of ―subsidiary‖, for ―Co-operative and 15 Community Benefit Societies and Credit...