COVID-19: Impact on BSC Changes

This page gives details of the impacts on BSC changes from the Panel’s agreed prioritisation approach in response to COVID-19. The Change timeline chart towards the bottom of the page, gives an overview of the progression timeline for each Modification.

This page was last updated on 2 June 2020 and will be updated at least once a month and dates listed below are subject to change. We will keep this approach under review with the Panel. The Panel are due to review this approach on 11 June 2020.

Consultations will be staggered to ease the burden on market participants. Further details can be found below.

 

Changes during COVID-19

Changes to the BSC (and its subsidiary documents) will continue to be progressed, but will be prioritised based on whether the change:

  • Is required to mitigate risks and issues caused by COVID-19
  • Is required to be implemented by a fixed deadline, and
  • Has minimal impact on market participants, unless required for the previous two points.

The Panel recognises and agreed to these steps because the COVID-19 situation is challenging and unprecedented for market participants, and that it has resulted in significant operational challenges and changes to the way that they run their business.

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