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16.—(1) Paragraphs (2) and (3) apply during the period beginning with 1 August 2024 and ending with 31 July 2026.
(2) After section 131(2)(a) of the Act insert—
“(aa)a person other than a regulated institution in receipt of financial resources provided under section 65 (administration of funds by the Commission) of the Further and Higher Education Act 1992;”.
(3) After section 131(2) of the Act insert—
“(2A) In section 131(2)(aa), “regulated institution” has the meaning given in section 7(5)(b) of the Higher Education (Wales) Act 2015.”
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