P ART 2A 35 T RANSITIONAL MEASURES 17A Statement on financial implications As soon as reasonably practicable after Royal Assent, the Scottish Ministers must lay before the Scottish Parliament a statement on the financial implications of any transfer of functions arising from this Act. 19 Tertiary Education and Training (Funding and Governance) (Scotland) Bill Part 3—Student support P ART 3 1 S TUDENT SUPPORT 18 Designation of private providers of higher and further education (1) The Education (Scotland) Act 1980 is modified as follows. 5 (2) After section 74 insert— “74A Designation of private providers of higher and further education (1) The Scottish Ministers may, on application by a relevant education provider, designate the provider for the purpose of this section. (2) In this section, “relevant education provider” means a person or body which— 10 (a) provides higher education or further education, and 1 (b) carries on activities in Scotland or in another part of the United Kingdom. (2A) A relevant education provider is to be treated as having been designated for the purpose of this section if— (a) the Secretary of State has designated the provider under section 84 of 15 the Higher Education and Research Act 2017, (b) the Welsh Ministers have designated the provider under section 83 of the Tertiary Education and Research (Wales) Act 2022...