The fundraising watchdog announced today that it had signed memorandums of understanding with the IoF and the Higher Education Funding Council for England, which funds and regulates universities.
The regulator’s agreement with the IoF, which lasts for five years, covers how the two organisations will work alongside each other in areas including compliance, policy and research.
It says that both organisations will "facilitate effective investigation and the disclosure of information with the objective of preventing, detecting and remedying poor fundraising practice".
The agreement will also promote cooperation between the two organisations’ staff and ensure "appropriate consultation" on relevant matters.
The Fundraising Regulator took ownership of the Code of Fundraising Practice from the IoF in July, in line with recommendations in Sir Stuart Etherington’s review of fundraising self-regulation last year.
The agreement says that when there are consultations on proposed changes to the code, the regulator will consult the IoF "in good time before engaging in any wider consultation" and include the membership body in that consultation.
It says the IoF will be the exclusive partner to produce official non-legal guidance for fundraisers on the code and should be publically referred to as the "official partner" in relation to producing the guidance.
According to the agreement, when the Fundraising Regulator carries out an investigation into an IoF member and a report is published, the watchdog will, subject to the consent of the parties involved, send a draft copy to the membership body before the report is published to give it the chance to provide feedback.
The regulator’s agreement with Hefce outlines how the two organisations will work together to "promote high fundraising standards in the higher education sector".
A joint announcement from the two organisations says they will notify each other "as soon as they have concerns about an institution’s fundraising practices" and they will share the results of any investigations with each other.
The announcements mean that the Fundraising Regulator has signed four memorandums of understanding with other organisations, after completing an agreement with the Charity Commission in the summer and one with the Information Commissioner’s Office last month.