The guidance is to help academy trusts and colleges to:
- better understand the concept of novel, contentious and repercussive (NCR) transactions
- ensure that proper factors are considered and approvals gained when an academy trust or college is considering entering into a financial transaction that is (or may be NCR)
It explains:
- the requirements for academy trusts and colleges, which arise from their status as central government bodies
- provides guidance about those requirements
Applies to England