On the day briefing: Regulatory approach to wholly owned subsidiaries

NHS Improvement (NHSI) has published an addendum to its transactions guidance, detailing its regulatory approach to wholly owned subsidiaries. The process details in this document applies to both trusts and foundation trusts looking to establish a wholly owned subsidiary, or those looking to changing an existing subsidiary company. The new rules come into effect immediately from 26 November 2018 and NHSI will begin reviewing trust plans that are currently paused.

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