§ Mr. LansleyTo ask the Secretary of State for Health when he expects to lay before Parliament the code for determining the limit on the total amount of borrowing of any NHS Foundation Trust required by section 12 of the Health and Social Care (Community Health and Standards) Act 2003. [166073]
§ Mr. HuttonThe Independent Regulator of National Health Service foundation trusts is responsible for making the Prudential Borrowing Code.
The draft prudential borrowing code has not yet been issued for consultation. I am informed by the Independent Regulator that a draft code is expected to be issued for consultation shortly and will be subject to a 12-week consultation period. Following the consultation, the Regulator will consider the responses, amend the code as required, make the final code and lay a copy before Parliament.