Ofqual publishes two reports on the qualifications market
Wednesday, 07 July 2010 11:34
Ofqual has today published two reports relating to aspects of its role as the economic regulator of the qualifications market:
- The markets for regulated qualifications in England, Wales and Northern Ireland by Frontier Economics, proposes a starting point for market-wide analysis and identifies some of the salient features of the qualifications market that could inform more detailed market definition exercises in the future.
- Collection of Economic and Financial Information by Grant Thornton, the purpose of which was to undertake a study on the benefits of Ofqual collecting various types of economic and financial information from awarding organisations in order to meet its statutory duties.
Under the new Apprenticeships, Skills, Children and Learning Act 2009, one of Ofqual's key objectives is to secure efficiency and value for money in regulated qualifications. Ofqual will use these studies to inform its development of a framework for economic regulation and fee capping process that Ofqual will be issuing for consultation in October 2010.
Notes to editors:
- The reports and summary are available to download.
- The Apprenticeships, Skills, Children and Learning Act, which gained Royal Assent on Thursday, November 12, 2009, included the provision for Ofqual to be established as an independent statutory body with responsibilities for the regulation of general and vocational qualifications in England and vocational qualifications in Northern Ireland.
- For more information contact the Ofqual press office on 0300 303 3342 or 07798 924552 out of hours.
Last Updated on Thursday, 08 July 2010 16:30
Tags: economic, regulation
