CP1540 ‘Strengthening the Qualification – Change of Ownership Process’
Formal title: Strengthening the Qualification - Change of Ownership Process
Footnote 22 of Balancing and Settlement Code Procedure (BSCP) 537 ‘Qualification Process for Supplier Volume Allocation (SVA) Parties, SVA Party Agents and Central Volume Allocation (CVA) Meter Operators’ states that the change of ownership process relates to “change of assets including but not limited to a change in the legal entity and/or transfer of assets to another.” The intended purpose of the footnote was to allow for internal restructuring within a company group. The footnote implies that a transfer of Qualification status would be valid with the transfer of any asset, which is not the case, and the PAB would not accept transfer of Qualification status in these circumstances. The PAB has requested this CP be raised to make clear the type of change of ownership that would allow the transfer of Qualification status.
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