Statement Regarding Grandfather Clause

We first elaborate on the interpretation of the "grandfather clause"

A grandfather clause, or legacy clause, is an exemption that allows persons or entities to continue with activities or operations that were approved before the implementation of new rules, regulations, or laws. Such allowances can be permanent, temporary, or instituted.

According to this clause, the coexistence agreement signed by The EduTrust Education Quality Accreditation Association (EEQA) and Global Academy of Finance and Management (GAFM) and Board of Quality Standards (BQS) recognizes each other and recognizes each other as each other's members and recognize each other.

According to the MOU and the grandfather agreement, EEQA enjoys the relevant rights and obligations of GAFM and BQS to participate in CHEA-CIQG and INQAAHE.

We follow the agreements of the above-mentioned institutions under the relevant legal framework, but we reserve the renewal treaty binding under the relevant legal framework (exemption according to the grandfather agreement).

For this reason, we enjoy the exemption policy and rights of the terms of the grandfather agreement. Exempted on a non-retroactive basis and continues to operate as it is.

This announcement is in response to CHEA-CIQG's explanation of the misuse of its logo.

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