A regional strategic body is a statutory body to ensure that higher education institutions provide quality education in their region and implement and implement training and higher education plans for their higher education institutions. :(ss. 23E-23F) The Act allows these institutions to provide grants, loans or other payments to their higher education institutions to finance the provision of secondary or higher education institutions, to finance the research of these institutions, and to finance the provision of facilities and related services by those institutions. :(ss. 12A-12B) In Scotland, colleges and universities are registered charities. However, unlike its English counterpart HEFCE, the SFC does not act as a charity for colleges and universities. Instead, this role is retained by the Office of the Scottish Charity Regulator (OSCR).  The OSCR and cfSC are working under a Memorandum of Understanding.  The Scottish Funding Council (Scottish-Gaelic: Comhairle Maoineachaidh na h-Alba; SFC, better known as the Scottish Further and Higher Education Funding Council, is the non-departmental public body responsible for funding Scottish training and higher education institutions, including their 26 colleges and 19 universities.
  The CFS was established as a non-departmental public body, which means that it works in partial autonomy with Scottish ministers and can perform an advisory function.  As a general rule, the Council receives an annual letter of guidance from the Minister of Lifelong Learning. These letters set out the priorities and recommendations of Scottish ministers regarding Scottish universities and universities.   Each CFS-funded institution provides funding under a results agreement. The agreements define what the institution has to do with the funds and the objectives it must achieve with those funds.  If an institution does not have to agree, the CFS may apply for funding from that institution. 3 In 2009, the CFS threatened to recover money from Stow College after requesting $988,000 in funding for courses that the Auditor General considered ineligible for Scotland.   After reviewing the eligibility of the college`s funding programs, the CFS recovered $2.88 million, which will be paid over seven years beginning in November 2009.
:4 The Directorate of Access, Competence and Outcome Agreements is responsible for preparing the Council`s outcome agreements with funding bodies and has a responsibility for access and quality of education.