Uniac - July 2022

26 • to comply with the Accounts Direction after the first full year of Registration, including disclosures about senior staff pay, governance arrangements and use of public funding • for accounts to be audited by an external auditor and for the OfS to receive a copy of the external auditor management letter each year • to comply with provisions of other bodies, including the OfS' designated bodies and the Office of the Independent Adjudicator, and to comply with the Prevent Duty • to demonstrate their adherence to governing instruments, consistent with the 'public interest governance' principles. A major concern of any registered institution is non-compliance and sanction (closer and more frequent monitoring, monetary penalties, suspending registration / deregistration and variation / revoking degree awarding powers and University title). In its analysis16 of the registration process during 2019/20, the OfS noted that of the then 387 providers on the Register, only 12 had not received any form of regulatory intervention. Over 494 enhanced monitoring conditions were imposed. The most common areas for enhanced monitoring were access and participation plans, effective management and governance, and value for money for students. Some practical ways institutions can address their control systems, assurance and compliance may be through compliance frameworks, governance effectiveness reviews, and communication logs. • Regulatory Condition Compliance Frameworks There are 25 regulatory conditions, including access and participation, quality and standards, student protection, financial sustainability, and governance, which providers must satisfy. The OfS may also impose specific conditions of Registration (which are visible on the OfS Register) or enhanced monitoring conditions which are non-published requirements imposed by the OfS. Registered higher education providers are independent, autonomous bodies with their own governance structures and duties, which are varied and complex. Whilst the legal form of higher education providers is varied, they all share one crucial characteristic under Registration with the OfS – this is that their governing body is accountable to the OfS for ensuring compliance with regulation. Many institutions have developed and published "compliance frameworks"17 to demonstrate their conformity, which the Audit and Risk 16 Office for Students registration process and outcomes 2019-20: key themes and analysis 17 An example of a compliance framework: OfS - ongoing conditions | Governance and Planning (ox.ac.uk)

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