Explanatory note

These Regulations, which come into force on 1st September 1990, empower the Secretary of State to pay access funds to the governing bodies of certain institutions of further or higher education for the financial assistance of students at those institutions. (Regulations 1, 2 and 3 and the Schedule.) Payments may be made at such times and in such instalments as the Secretary of State considers appropriate. (Regulation 3(2).) Payment may be dependent on the fulfilment of conditions imposed by the Secretary of State. (Regulation 4.) Institutions receiving access funds must comply with requirements specified by the Secretary of State; in particular they must keep records and accounts and furnish information, returns and accounts to the Secretary of State as he may require, repay unexpended funds as required and only assist classes or categories of students specified by the Secretary of State. (Regulation 5.)