<akomaNtoso xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xsi:schemaLocation="http://docs.oasis-open.org/legaldocml/ns/akn/3.0 http://docs.oasis-open.org/legaldocml/akn-core/v1.0/cos01/part2-specs/schemas/akomantoso30.xsd"><act name="asp"><meta><identification source="#"><FRBRWork><FRBRthis value="http://www.legislation.gov.uk/id/asp/2026/5"/><FRBRuri value="http://www.legislation.gov.uk/id/asp/2026/5"/><FRBRdate date="2026-03-11" name="enacted"/><FRBRauthor href="http://www.legislation.gov.uk/id/legislature/ScottishParliament"/><FRBRcountry value="GB-SCT"/><FRBRnumber value="5"/><FRBRname value="2026 asp 5"/><FRBRprescriptive value="true"/></FRBRWork><FRBRExpression><FRBRthis value="http://www.legislation.gov.uk/asp/2026/5/2026-03-12"/><FRBRuri 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source="#"><TLCEvent eId="enactment" href="" showAs="EnactmentDate"/><TLCLocation eId="extent-s" href="/ontology/jurisdictions/uk.Scotland" showAs="S"/><TLCConcept eId="status-prospective" href="" showAs="Prospective"/></references><notes source="#"><note ukl:Name="Commentary" ukl:Type="I" class="commentary I" eId="key-f94f2196a5d0cd233eef8671d14d92d2" marker="I1"><p>S. 6  not in force at Royal Assent, see <ref eId="n8fc7cfc546eb66d1" class="subref operative" href="http://www.legislation.gov.uk/id/asp/2026/5/section/39/2">s. 39(2)</ref></p></note></notes><proprietary xmlns:ukm="http://www.legislation.gov.uk/namespaces/metadata" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:dct="http://purl.org/dc/terms/" source="#"><dc:identifier>http://www.legislation.gov.uk/asp/2026/5/section/6</dc:identifier><dc:title>Tertiary Education and Training (Funding and Governance) (Scotland) Act 2026</dc:title><dc:language>en</dc:language><dc:publisher>Statute Law Database</dc:publisher><dc:modified>2026-04-28</dc:modified><dc:contributor>Expert Participation</dc:contributor><dct:valid>2026-03-12</dct:valid><ukm:PrimaryMetadata><ukm:DocumentClassification><ukm:DocumentCategory Value="primary"/><ukm:DocumentMainType Value="ScottishAct"/><ukm:DocumentStatus Value="revised"/></ukm:DocumentClassification><ukm:Year Value="2026"/><ukm:Number Value="5"/><ukm:EnactmentDate Date="2026-03-11"/><ukm:ISBN Value="9780105904496"/></ukm:PrimaryMetadata><ukm:Notes><ukm:Note IdURI="http://www.legislation.gov.uk/id/asp/2026/5/section/6/notes" DocumentURI="http://www.legislation.gov.uk/asp/2026/5/section/6/notes"/><ukm:Alternatives><ukm:Alternative URI="http://www.legislation.gov.uk/asp/2026/5/pdfs/aspen_20260005_en.pdf" Date="2026-04-14" Title="Explanatory Note" Size="823676"/></ukm:Alternatives></ukm:Notes><ukm:Alternatives><ukm:Alternative URI="http://www.legislation.gov.uk/asp/2026/5/pdfs/asp_20260005_en.pdf" Date="2026-03-11" Size="1373032" Print="true"/></ukm:Alternatives><ukm:Statistics><ukm:TotalParagraphs Value="62"/><ukm:BodyParagraphs Value="62"/><ukm:ScheduleParagraphs Value="0"/><ukm:AttachmentParagraphs Value="0"/><ukm:TotalImages Value="0"/></ukm:Statistics></proprietary></meta><body eId="body"><part eId="part-2"><num>Part 2</num><heading>Functions of the Scottish Further and Higher Education Funding Council</heading><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-crossheading-conditions-of-funding"><heading>Conditions of funding</heading><section eId="section-6" uk:target="true"><num>6</num><heading>Duty to place conditions on funding: conflict of interest</heading><subsection eId="section-6-1"><num>(1)</num><content><p>The 2005 Act is modified as follows.</p></content></subsection><subsection eId="section-6-2"><num>(2)</num><content><p><mod>After section 9E insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="asp" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>9F</num><heading>Conflict of interest: disclosure</heading><subsection><num>(1)</num><intro><p>The Scottish Ministers must, under section 9(2), impose a condition that the Council must, when making a payment to a fundable post-16 education body under section 12(1), require that the fundable post-16 education body has in place a conflict of interest policy that—</p></intro><level class="para1"><num>(a)</num><content><p>requires each member of its governing body and each senior officer to declare any registerable interest,</p></content></level><level class="para1"><num>(b)</num><content><p>requires that a member of its governing body or senior officer withdraws from any meeting or decision-making process where they have a conflict of interest,</p></content></level><level class="para1"><num>(c)</num><intro><p>ensures that the fundable post-16 education body has a register of interests that is—</p></intro><level class="para2"><num>(i)</num><content><p>publicly accessible online,</p></content></level><level class="para2"><num>(ii)</num><content><p>updated within 28 days of any change, and</p></content></level><level class="para2"><num>(iii)</num><content><p>reviewed on an annual basis.</p></content></level></level></subsection><subsection><num>(2)</num><intro><p>For the purposes of subsection (1), a registerable interest includes—</p></intro><level class="para1"><num>(a)</num><content><p>financial interests,</p></content></level><level class="para1"><num>(b)</num><content><p>shareholdings,</p></content></level><level class="para1"><num>(c)</num><content><p>remunerated consultancies,</p></content></level><level class="para1"><num>(d)</num><content><p>intellectual property interests, and</p></content></level><level class="para1"><num>(e)</num><content><p>close family relationships with contractors or commercial partners.</p></content></level></subsection><subsection><num>(3)</num><content><p>The Scottish Ministers may by regulations amend the list of registerable interests in subsection (2).</p></content></subsection></section></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section></hcontainer></part></body></act></akomaNtoso>