The Regulator of Social Housing (RSH) has opened an investigation into a 5,700-home association it suspects may not be complying with regulatory standards.

RSH today announced that South Yorkshire Housing Association (SYHA) has been added to its ‘gradings under review’ list, which means the regulator is investigating matters that may result in non-compliance.

SYHA is currently graded at ‘G2’ for governance and ‘V2’ for viability which means that it is compliant it needs to improve governance and manage material risks to remain so. A downgrade by a further notch in either category would mean it is non-compliant.