PART 4

FINANCIAL AFFAIRS OF REGULATED INSTITUTIONS

Powers in respect of failure to comply with Code

Failure to comply with Code: general
32
Sections 33 and 34 apply if HEFCW are satisfied that the governing body of a regulated institution has failed, or is likely to fail, to comply with a requirement imposed by the Code.

Directions in respect of failure to comply with Code
33
1
HEFCW may give a direction to the governing body requiring it to take (or not to take) specified steps for the purpose of dealing with or preventing the failure to comply.
2
For procedural provision about directions under this section, see sections 41 to 44.

Other measures in respect of failure to comply with Code
34
1
HEFCW may give advice or assistance to the governing body with a view to improving the organisation or management of the financial affairs of the institution.
2
HEFCW may carry out, or arrange for another person to carry out, a review of any matters that they think are relevant to the institution's compliance with the Code.
3
A governing body must take into account any advice given to it under subsection (1).