Formal title: Revised Settlement Arrangements for Emergency Instructions
The Proposed Modification it to introduce Contingency Provisions into the BSC which apply to Acceptances resulting from a communication described in Q5.1.3 (b) only. For ease of description the communication shall be termed ‘relevant emergency instruction’. The new Contingency Provisions will define arrangements for calculating a replacement Bid or Offer price which will apply to an Acceptance pursuant to a ‘relevant emergency instruction’.
The Authority rejected both the Proposed and Alternative Modifications on 24 June 2005.