At 1147 on Friday 14th July 2006, Imperial College of Science, Technology and Medicine formally decided to withdraw from the University of London. An agreement with the University of London has been drawn up and a timetable laid out.
If all goes to plan, in October UL Council will meet to approve the withdrawal, with the Privy Council being approached to alter the College Charter during November. Imperial expects to be fully independent by its centenary on 8th July 2007.
Postgraduate students will be the first to enrol on Imperial degrees from October 2007, with Undergraduates remaining on UL degrees until 2008. Continuing students will have the option to transfer to an Imperial degree should they wish to.
Decisions on representation and sports leagues will be made throughout the coming year, with an NUS referendum on the cards. Some potentially heated Union Council meetings are expected next term as representation is discussed.
Some of the smaller London colleges are concerned at the Imperial pull-out, fearing it may lead to the total collapse of the federal University if other large colleges follow suit.