63.This section of the Act inserts a new section 14B into the 2005 Act, placing a requirement on post-16 education bodies to notify the Council of matters specified in regulations made by Ministers. Those regulations may also specify the form and manner in which notifications are to be made to the Council. Ministers must consult with the persons listed in section 14B(2) before laying the regulations. The intention is to require notification where there is potentially serious jeopardy to a post-16 education body, for instance an external threat such as a cyberattack, or for instance a material change in their circumstances such as a rapidly worsening financial situation.
64.Recommendations to fundable bodies
Commentary on Provisions Part 2 – Functions of the Scottish Further and Higher Education Funding Council Section 16: Notifications to the Council by post-16 education bodies