Transcript Slide 1
Welcome slide
Securing stakeholder confidence – the contribution of good regulation
Steve Egan
HEFCE Annual Meeting 22 November 2012
Purpose of Regulation • • • • Stakeholder confidence Minimum standards Promote innovation Value for money
Government proposals • • • • • Student choice enabled Single gateway Level playing field Lead regulator Improved regulatory efficiency
Regulatory building blocks Quality assurance Quality assurance Fair access and Fair access widening participation Dispute resolution Dispute resolution Information for students and Information citizens -for citizens Public expenditure controls and financial sustainability
Current position • • • • No legislation University title changes Proposed consultation on designation Endorsement of Regulatory Partnership Group (RPG)
Regulatory Efficiency • • • Risk-based quality assurance Data landscape TRAC consultation
Regulatory Demands • • KIS Course designation
Level Playing Field - Differences • • • • • Charity vs For Profit Public law requirements Tax treatment Access to student support Privileges and sanctions
Current Activity • • • • Operating Framework Constitutional forms Review of Financial Memorandum Impact of reform report
Financial Memorandum • • • • • • • • Respect autonomy and diversity Act within legislative constraints Accountability for public funds Maintain stakeholder confidence Serve student needs Recognise operating framework Update support strategy Align with wider developments