This regulatory document establishes the legal framework and procedural requirements for the transfer of housing stock within New Towns in Great Britain. The text is authored by the legislative body of the United Kingdom and serves as a formal instrument of statutory law. It outlines the specific conditions under which public housing assets are transitioned to alternative ownership structures, ensuring compliance with national housing policy objectives.

Legal professionals and policy researchers utilize this document as a primary source for understanding the regulatory environment of 1990s British housing policy. Readers frequently note the technical density of the prose, which is characteristic of statutory instruments intended for administrative application.