Student Fee Protection Rules 2013 (v5)

8. Student Fee Protection Mechanism(s) for Providers

  1. Providers must have or put in place prior to the Provider or any person acting on behalf of the provider accepting any Student fees from a Student, and keep in place, a Mechanism which meets the criteria for that Mechanism set out in Appendix B, and meets the criteria in Appendix D.
  2. For the Refund Period the Mechanism must be a standard or static trust managed by an Approved Independent Trustee (under Mechanism 1 in Appendix B).
  3. After the Refund Period, and where no Refund Period applies, one or more of the Mechanisms must be used.

 

 
 
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