OfS regulatory environment
On 26 March 2020 the OfS announced its intention to refocus its regulatory requirements in light of the COVID-19 outbreak. In order to reduce the burden on registered providers during the period of disruption, the OfS has suspended where possible routine reporting requirements.
While the pandemic is ongoing, the OfS’s primary focus will be on identifying and managing short-term financial risk for providers and protecting students’ interests. Providers will therefore be required until further notice to report on:
- issues of acute short-term financial risk
- where they cease or suspend courses without providing equivalent alternative study options
- where they are unable to award qualifications or credit as they had planned.
Talk to our team
When it comes to something as important as ensuring your organisation is running smoothly and achieving its goals, we know that inevitably comes with questions. Feel free to contact us with any queries or questions you might have about KCG.