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This specification outlines the requirements and guidelines for the Common Transfer File (CTF) version 24 to be implemented in school systems from August 2024. It provides details on generating, transferring, and importing pupil data when a student changes schools, ensuring compliance with legal regulations and standards in England and Wales.
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CTF 24 specification refers to a specific compliance document required by regulatory authorities to report certain financial information.
Entities and individuals who meet specific criteria related to their financial or business activities as defined by the regulations are required to file the CTF 24 specification.
To fill out the CTF 24 specification, required information must be accurately entered into the designated form, including financial data, identification details, and any pertinent disclosures as outlined in the filing guidelines.
The purpose of the CTF 24 specification is to enhance transparency and compliance in financial reporting and to prevent illicit activities such as money laundering.
The CTF 24 specification must report various types of financial information, including income details, asset information, and any relevant transactions as mandated by regulatory authorities.
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