The School Companies (Private Finance Initiative Companies) Regulations 2002
These regulations govern the operation of companies whose members include governing bodies of maintained schools, where the main purpose of forming the company is for it to enter into or facilitate agreements made under the private finance initiative. Where a governing body of a maintained school uses its powers under section 11 of the Education Act 2002 to become a member of a company which is formed for any other purpose, these regulations do not apply and the company will be governed by The School Companies Regulations 2002 instead.