PART 2

REGISTRATION AND REGULATION OF TERTIARY EDUCATION PROVIDERS
CHAPTER 3

FURTHER ENFORCEMENT AND PROCEDURAL PROVISIONS

Miscellaneous duties

Duty to monitor and report on financial sustainability
80
1
The Commission must monitor the financial sustainability of—
a
registered providers;
b
tertiary education providers in Wales that—
i
are institutions within the further education sector,
ii
are funded by the Commission under section 97, and
iii
are not registered providers;
c
other tertiary education providers of a kind specified in regulations made by the Welsh Ministers.
2
The Welsh Ministers may, by regulations, provide for exceptions to subsection (1)(a) and (b).
3
The Commission must include in its annual report information about the financial position of the persons monitored under subsection (1) for the financial year to which the annual report relates.
4
At the same time the Commission sends its annual report to the Welsh Ministers, the Commission must send a separate report to the Welsh Ministers containing a summary of the financial outlook for the persons monitored under subsection (1) for the financial years following the financial year to which the annual report relates.
5
“A summary of the financial outlook” is a summary of conclusions drawn by the Commission, from its monitoring under subsection (1), regarding relevant patterns, trends or other matters which it has identified.
6
Patterns, trends or other matters are “relevant” if—
a
they relate to the financial sustainability of some or all of the persons monitored under subsection (1), and
b
the Commission considers that they are appropriate to be brought to the attention of the Welsh Ministers.
7
In this section—
- “annual report” (“adroddiad blynyddol”) means the annual report under paragraph 16 of Schedule 1;
- “financial year” (“blwyddyn ariannol”) has the same meaning as in that Schedule (see paragraph 17).
S. 80 not in force at Royal Assent, see s. 148(2)