Whilst we disagree with the proposals as laid out in the consultation, we agree that there should be a new time-limited condition on Market Exit Plans for those providers at increased risk of market exit but we would need confirmation of the criteria, possibly including increased Auditor “Going Concern” or other material risks such as cashflow, student recruitment etc. We also think the new plan should appended to the SPP but not published until market exit is confirmed.
This condition should be time limited for a year linked to the current crisis and during which time the OfS can consult more widely on other tightening up of existing student protection regulation.
Please find our response here.
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