Part 1: The Office for Students Financial sustainability Section 68: Duty to monitor and report on financial sustainability
This section gives the OfS a duty to monitor and report on the financial sustainability of registered higher education providers.
	Subsection (1) sets out the duty to monitor and which providers it applies to. The duty applies to those registered providers who receive any grant, loan or other funding from the OfS under its funding powers in sections 39 and 40, or are eligible to receive such funding, even if they do not receive it. It also applies to registered providers that are designated for student support under section 22 of the Teaching and Higher Education Act 1998 and therefore may receive funding from tuition fee loans.
	Subsection (2) provides for a duty upon the OfS to include in its annual report to the Secretary of State a financial sustainability summary.
	Subsections (3) and (4) set out what a financial sustainability summary is. It is a summary of the OfS’s conclusions on relevant patterns, trends and any other matters that the OfS has identified in performing its monitoring duty under subsection (1) and thinks it appropriate to bring to the attention of the Secretary of State. The patterns, trends and other matters can relate to some or all of the providers monitored.
	Finally, subsection (5) makes clear that the annual report referred to in subsection (2) is the same annual report stipulated in paragraph 13 of Schedule 1, and that the definition of financial year used is the same as is used in that Schedule.
	This section forms part of the law of England and Wales.