P394 ‘Removal of Unused BSC Provisions’

Formal title: Removal of Unused BSC Provisions

Current Status

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

Summary

Solution

P394 seeks to remove text from the BSC which relates to provisions that have been identified as unused or expired. The provisions are:

  • Dual Notifications;
  • Joint BM Units;
  • Party and NETA Funding;
  • BSC Section I ‘Transitional Arrangements for the Implementation of BETTA’;
  • Pool Supplement;
  • Manual Credit Qualification; and
  • BSCP534 ‘PARMS Techniques’

Background

Over the lifetime of the BSC, there have been a number of provisions introduced that have since become redundant. These include provisions that were never called upon by Parties, fully developed and therefore left unused, and transitional arrangements that have now expired.

Podcast

Listen to our podcast below to find out more about Removal of Unused BSC Provisions:

Download and read the transcript for the P394 ‘Removal of Unused BSC Provisions’ podcast

Progression

The BSC Panel Raised Modification P394 at its meeting on 10 October 2019.

Next Events

The Report Phase Consultation wasbe issued 14 October with responses due 22 November 2019.

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