P385 Assessment Procedure Consultation
Who will this impact?
This Modification proposes to amend BSC Section H in such a manner as to introduce new Events of Default and reduce the periods after which certain Events of Default are triggered.
The parameters for certain Events of Default will be removed from Section H, while retaining existing high-level obligations and necessary process detail. Instead, the Panel will decide on changes to these parameters, consult with the industry to ascertain impacts and lead times, and publish the parameters on the BSC Website.
The Workgroup will review the responses and provide their final views, before submitting the Assessment Report to the Panel on 12 September 2019.