• We are pleased to announce that the winner of our Feedback Prize Draw for the Winter 2024-25 session and winning £150 of gift vouchers is Zhao Liang Tay. Congratulations to Zhao Liang. If you fancy winning £150 worth of gift vouchers (from a major UK store) for the Summer 2025 exam sitting for just a few minutes of your time throughout the session, please see our website at https://www.acted.co.uk/further-info.html?pat=feedback#feedback-prize for more information on how you can make sure your name is included in the draw at the end of the session.
  • Please be advised that the SP1, SP5 and SP7 X1 deadline is the 14th July and not the 17th June as first stated. Please accept out apologies for any confusion caused.

Time to submit a Recovery Plan to tPR

A

Albaluna

Member
Hi all

Bit of a technical query - not critical (!) to my study but it has started a debate with my colleagues.

The course notes say that a Recovery Plan must be submitted to the Regulator within 5 days of the Schedule of Contributions being signed/agreed (Page 30 of Chapter 4).

When reading tPR's Code of Practice on funding, "Reasonable Period" appears to be defined as ten working days. Also, the funding regs don't appear to define the "Reasonable Period".

Can anyone show me where the 5 days in the course notes has come from? I have an Easter egg riding on the answer.

Thanks
 
I believe it is 10 days.

However, the Core Reading states that the SOC, together with the recovery plan must be sent to the Regulator within five days of the date on which the SOC is certified.

So I think in the September 2016 exam, for example, the Examiners would have also given credit if five days was given instead of ten.
 
You must log in or register to reply here.
Back
Top