(1)HEFCW must prepare and publish a statement setting out how they propose to exercise their intervention functions.
(2)HEFCW—
(a)must keep the statement under review;
(b)may revise it.
(3)Before publishing the statement or a revised statement, HEFCW must consult—
(a)the governing body of each regulated institution, and
(b)any other persons they think appropriate.
(4)Regulations may make provision about—
(a)the preparation of the statement (including as to its form and content);
(b)its publication;
(c)the consultation to be carried out under subsection (3).
(5)HEFCW’s intervention functions are their functions under the following provisions—
(a)section 11 (compliance and reimbursement directions);
(b)section 13 (directions in respect of failure to comply with general requirements of approved plan);
(c)section 19 (directions in respect of inadequate quality);
(d)section 20(1) and (2) (other measures in respect of inadequate quality);
(e)section 33 (directions in respect of failure to comply with the Code);
(f)section 34(1) and (2) (other measures in respect of failure to comply with the Code);
(g)section 37 (refusal to approve new fee and access plan);
(h)sections 38 and 39 (withdrawal of approval of existing fee and access plan).