The GDC explained it is able to maintain the ARF at the same level due to a combination of; sound financial management, reducing the level of the GDC’s reserves over the three-year plan, making use of legislative changes to amend Overseas Registration Examination (ORE) fees, and the continued growth in the size of the registers.
In 2024, the GDC revised its reserves policy, agreeing a target of three months of reserves at the end of the three-year planning period compared to the previous target of 4.5 months.
Earlier in 2024, the regulator increased ORE fees for the first time since 2015 and introduced an ORE application fee. According to the GDC, this has contributed towards the ORE becoming cost neutral and ensuring that costs can be charged where they are incurred, rather than from existing registrants.
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