What our governance and viability gradings mean
Published 18 November 2014
Applies to England
© Crown copyright 2014
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1. Governance gradings
G1 – the provider meets our governance requirements as set out in our governance and financial viability standard.
G2 – the provider meets our governance requirements, but needs to improve some aspects of its governance arrangements to support continued compliance.
G3 – the provider does not meet all of our governance requirements. There are issues of regulatory concern and in agreement with us, the provider is working to improve its position.
G4 – the provider does not meet our governance requirements. There are issues of serious regulatory concern and the provider is subject to regulatory intervention or enforcement action.
2. Viability gradings
V1 – the provider meets our viability requirements as set out in our governance and financial viability standard and has the capacity to mitigate its exposures effectively.
V2 – the provider meets our viability requirements but needs to manage material financial exposures to support continued compliance.
V3 – the provider does not meet our viability requirements. There are issues of serious regulatory concern and in agreement with us, the provider is working to improve its position.
V4 – the provider does not meet our viability requirements. There are issues of serious regulatory concern and the provider is subject to regulatory intervention or enforcement action.