(1)The Privy Council may by order specify any institution within the higher education sector as competent to grant such awards and distinctions in pursuance of this section as they may specify.
(2)An institution for the time being specified in such an order may grant a degree, diploma, certificate or other academic award or distinction to any person who—
(a)completes, on or after the date specified in the order, an appropriate course of study or programme of supervised research; and
(b)passes an appropriate examination or demonstrates by such other means as the institution may determine the attainment of such standards as the institution may determine.
(3)An institution specified in such an order may—
(a)grant honorary degrees; and
(b)grant degrees to members of the academic and other staff of the institution.
(4)Any power conferred on an institution by this section to grant awards and distinctions includes power—
(a)to do so jointly with another institution (whether or not such institution is specified in an order under subsection (1) above);
(b)to authorise other institutions to do so on behalf of the institution; and
(c)to deprive any person of any award or distinction granted to him by or on behalf of the institution in pursuance of this section (or, in the case of an award granted to him by the institution and another institution jointly, to do so jointly with the other institution).
(5)It shall be for the institution to determine in accordance with any relevant provisions of the instruments relating to or regulating the institution—
(a)the courses of study or programmes of research, and the examinations or other means of demonstrating attainment of standards, which are appropriate for the grant of any award or distinction and the other terms and conditions on which any grant may be made in pursuance of this section by or on behalf of the institution; and
(b)the terms and conditions on which the institution may deprive any person of any award or distinction granted to him by or on behalf of the institution in pursuance of this section.
(6)A determination made under subsection (5)(b) above shall, as regards an award or distinction granted jointly with another institution, be made jointly with that other institution.