P173

Formal title: Revised Settlement Arrangements for Emergency Instructions

Current Status

Submission
Initial Written Assessment
Assessment Procedure
Report Phase
With Authority
Awaiting Implementation
Implemented

Summary

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’.

Progression

The Authority rejected both the Proposed and Alternative Modifications on 24 June 2005.

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