Financial Regulations and processes

The University is governed by statutes and regulations, including the Financial Regulations and their supporting financial processes which set out how the University’s financial activity is to be managed. The aims of the Financial Regulations are to:

  • ensure the proper use of University financial resources, satisfying the University's requirements for accountability, internal control, and the management of financial risk;
  • fulfil any legal or financial obligations established by HM Revenue & Customs, the Higher Education Funding Council for England (HEFCE), and other government agencies; and
  • form part of a management framework, designed to ensure that resources are being effectively applied and support the implementation of the University's Strategic Plan.

All members of the University are responsible for making themselves aware of the Financial Regulations, including the financial processes, and ensuring that they comply with them. Failure to comply could result in to disciplinary action. If you are unsure how to interpret the Financial Regulations, or how they apply to your particular circumstances, please contact Financial Assurance.

The Regulations set out how key responsibilities are devolved through the University, including department responsibilities, while the financial processes set out the key processes and control arrangements for undertaking financial activity. The process documentation supports departments in ensuring they follow the processes and implement appropriate controls in line with these Regulations.