CQC - New guidance on assessing financial viability of providers
CQC is changing how it will assess the financial viability of providers. From 12 February 2018 they will ask all providers to submit a statement of financial viability in the form of a statement letter from a financial specialist.
This could be an accountancy, bank or financial services firm. CQC say this has been introduced to provide high level consistency and transparency in the way they assure themselves that providers are meeting Regulation 13 of the CQC (Registration) Regulations 2009. They also say it will support their proportionate risk based approach to registration.
(News item thanks to UKHCA.)