London Institute of Banking & Finance Dumps Ofqual Status
The London Institute of Banking & Finance (LIBF) has officially given up its Ofqual-recognised awarding organisation status as of 31 March 2023.
LIBF Hands Over Qualifications to Subsidiary
Back in March 2022, LIBF told Ofqual it planned to surrender recognition. The reason? LIBF was acquired by LIBF Ltd, which already holds Ofqual approval to offer regulated qualifications.
As part of the move, all LIBF’s regulated qualifications and learners have switched over to LIBF Ltd, keeping things ticking without disruption.
Numbers and No Risk to Students
- LIBF had 81 regulated qualifications.
- It issued nearly 30,000 certificates last academic year.
The organisation has assured Ofqual that no students have been negatively affected by this switch-off of their status.
Ofqual Keeps a Watchful Eye
Ofqual says it’s ready to support awarding bodies considering giving up recognition, ensuring learners stay protected throughout any changes.
For the full list of currently recognised awarding organisations and regulated qualifications, visit the Ofqual Register of Regulated Qualifications.
