PART 3Regulation of health and adult social care services
CHAPTER 6Financial assistance in special administration cases
Supplementary
144Investment principles and reviews
1
F3NHS England must prepare and publish a statement of the principles that govern its decisions, or decisions made on its behalf, about making investments for the purposes of this Chapter.
2
F3NHS England must—
a
in each financial year, review the statement,
b
if it considers necessary in light of the review, revise the statement, and
c
if it revises the statement, publish the revised statement.
3
As soon as reasonably practicable after the end of each financial year, F3NHS England must undertake and publish a review of the operation during that year of—
a
the procedure for health special administration under Chapter 5,
I1b
the procedure for trust special administration for NHS foundation trusts under Chapter 5A of Part 2 of the National Health Service Act 2006, and
c
such mechanisms as have been established under section 134.
4
The purposes of the review under subsection (3)(c) are—
a
to assess the operation of the mechanisms concerned,
b
to assess the accuracy of the estimates given by F2NHS England in relation to the operation of the mechanisms,
c
to assess what improvements can be made to the process for making estimates in relation to the operation of the mechanisms, and
d
to review the extent of the protection which the mechanisms are required to provide.
5
Where a fund established under section 135 has been in operation for the whole or part of the year concerned, the review published under this section must specify—
a
the income of the fund during that year, and
b
the expenditure from the fund during that year.
I16
F1NHS England must exclude from a review published under this section information which it is satisfied is—
a
commercial information the disclosure of which would, or might, significantly harm the legitimate business interests of an undertaking to which it relates;
b
information relating to the private affairs of an individual the disclosure of which would, or might, significantly harm that person's interests.