23
Accepted
OfS significantly increased regulatory activity and reporting requirements for specific higher education providers.
Conclusion
OfS told us that it has significantly stepped up its regulatory activity for certain providers that feature in the C&AG’s report. This includes additional independent audit to test whether lead provider’s internal controls work effectively in relation to franchise providers. OfS said it has also imposed additional mandatory reporting requirements covering, for example, changes to partnerships, whistleblowing allegations or any concerns about data provided either to OfS or SLC.59 Data sharing
Government Response Summary
A data sharing protocol among DfE, OfS and SLC, and a joint incident response plan, are now in place.
Government Response
Accepted
Government Response
Accepted
HM Government
Accepted
4.3 A data sharing protocol among DfE, OfS and SLC, and a joint incident response plan, are now in place.
Source
Committee
Public Accounts Committee
Inquiry
Investigation into student loans issued to those studying at franchised higher education providers
Report
Twenty-Eighth Report - Student loans issued to those studying at franchised higher education providers
24 Apr 2024
HC 455
Addressee Bodies
HM Treasury
Timeline
Recommendation age
2.1 yrs
Report published
24 Apr 2024