Formal title: Amendment to BSCP508 "Supplier Volume Allocation Agent"
Section 3. 8 of BSCP508 currently states that the MDDM should update the MDD Matrix with new distribution details within 1 WD of being notified of the change and send confirmation that the change has been made within 1 further working day. However, new distribution details are added to the MDD Matrix as part of the Update process which is scheduled in accordance with timescales published in MDD Circulars. These obligations cannot therefore be met.
The inability to meet the current requirements of BSCP508 has been identified as a control weakness by the recent PwC audit.
This CP was implemented