The Institute of Commercial Management benefits from full recognition by the regulators of external qualifications in England – the Office of the Qualifications and Examinations Regulator (Ofqual).
A full listing of accredited ICM qualifications and their respective levels can be found on the National Database of Accredited Qualifications (NDAQ).
Established as a result of a decision by the Secretary of State for Children, Schools and Families in September 2007 to set up a new independent regulator of qualifications and tests, Ofqual was created as an interim regulator within the existing legal framework.
It began work in April 2008, with responsibility for carrying out the regulatory functions of the Qualifications and Curriculum Authority (QCA). Legislation formally establishing Ofqual as a separate statutory organisation, reporting directly to Parliament, is expected to be in force from late 2009.
More recently, the Qualifications and Curriculum Development Agency (QCDA) has taken over responsibility for the regulation of qualifications.