CP1375 – Increasing Material Impact Threshold
Formal title: Increasing Material Impact Threshold
Current Status
Submission
Assessment
CPC Consultation
Committee Decision
Awaiting Implementation
Implemented
Summary
In the creation of BSCP128 the £500 Material impact threshold was set using the Trading Disputes Materiality Threshold as a guidance value. However, The Trading Dispute threshold has since risen to £3,000 and BSCP128 has remained the same. Therefore BSCP128 should be updated to align with this figure.
Progression
CP1375 was raised and issued for industry impact assessment via CPC00715 on 29 June 2012, with responses due back on 26 July 2012. CP1375 was approved by ISG at their meeting on the 28 August 2012 for inclusion in the February 2013 release. CP1375 was also approved by SVG at their meeting on the 4 September 2012 for inclusion in the February 2013 release.