CP1310 – Clarifications to Gross Volume Correction Process
Formal title: Clarifications to Gross Volume Correction Process
Current Status
Submission
Assessment
CPC Consultation
Committee Decision
Awaiting Implementation
Implemented
Summary
CP1310 is the first of three changes (1310, 1311 and 1312) raised following the work undertaken by the Gross Volume Correction Expert Group, which was set up by the SVG. CP1310 highlights that there are a number of areas where the BSCP504 is not prescriptive enough, and that further clarity is needed. CP1310 proposes changes to BSCP504 to clarify how the principles should be applied in practice, and retains the original principles agreed by the Trading Stage 2 Committee.
Progression
CP1310 was raised on 28 August 2009. CP1310 was issued for Industry Impact Assessment as part of CPC00668. The SVG approved this CP on 3 November and it was implemented as part of the February 2010 Release.