103Approval of changes to functions of registered agency

103 Approval of changes to functions of registered agency (1) The Registrar may approve a registered agency acting as trustee if the Registrar is satisfied that the role of trustee will not adversely affect the ability of the agency to— (a) comply with the prescribed registration criteria and the performance standards; or (b) carry out its function of providing affordable housing to people on low incomes. (2) The Registrar may approve a registered agency being a subsidiary of a body other than a registered agency if the Registrar is satisfied that its status as a subsidiary will not adversely affect the ability of the agency to— (a) comply with the prescribed registration criteria and the performance standards; or (b) carry out its function of providing affordable housing to people on low incomes. (3) An approval under this section must be in writing.