Formerly specified educational institutions: transitional and transitory provisions and savings12

1

Subsections (1) and (2) of section 46 of the 1993 Act continue to apply to a formerly specified educational institution in relation to—

a

any relevant financial year; and

b

the books of accounts kept and statements of account prepared in respect of—

i

any such financial year; or

ii

any financial year of the institution which ended before 31st January 2009.

2

In this article, “relevant financial year” means, in relation to a formerly specified educational institution, a financial year—

a

which began before 31st January 2009; but

b

ends on or after that date.