As part of the changes being made through Targeted Regulation, the Scottish Charity Regulator (OSCR) have created guidance and advice to charity trustees on the reporting of Notifiable Events, and are asking charities to now notify them when these occur.
OSCR aims to support public confidence in charities and their work. Part of their role involves trying to prevent problems occuring, by providing guidance and advice to charities. Where problems have occurred, they want to help minimise the impact to the individual charity, and the third sector overall.
As part of this preventative approach, OSCR are asking charities to now report Notifiable Events to them. These are things which have, or have had in the past, a serious impact on charities. Not every event should be reported, only those that threaten to have a significant impact on the charity or its assets.
Targeted Regulation came into effect on Friday 1st April 2016. Throughout its implementation, OSCR will review its guidance and update to reflect any findings. Suggestions are welcome, and can be made through the contact information below.